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Let's say a close to look at the stocks on the move today here in Europe. I'm Caroline Hepge with Lizzie Burden, and we're joined by Bloomberg reporter Chloe Malay. Today we're looking at big defense stocks hire this morning. Who are you tracking and amidst of course a broader.
Move Yeah, absolutely, This is all of course on the back of the Venezuela situation, and we are seeing at the defense industry having a really strong showing this morning with with Ryan Mittau almost almost seven percent, but then also really positive moves for Leonardo Hensalt, all of those names also up this morning. We're seeing a heightened geopolitical tensions.
There's of course uncertainty about what the next moves from Trump are going to be, in certainty of what about what that means for Cuba and for Greenland, and all of that turmoil is leading investors to kind of rush towards those defense stocks, with the expectation being that all of those tensions will lead to more defense as spending, and that's of course great news for the companies that
make weapons. And this follows an enter twenty twenty five for the defense industry that was kind of up and down because there was obviously a lot of progress that had been made on the piece deal in Ukraine and that had sent shares lower across the board for that sector. But now we're starting the year with kind of renewed turbulence and that means that there's probably further to go for Rye, Matausches and all of those peers as well.
And Chlorine perhaps on the same theme, but a different sector. Drill down for us Why the miners are doing so well.
Yeah, it's a very similar dynamic here for minors where we have got geopolitical tensions being always kind of positive for those for names like glen Core, for as Neo, etc. Because the kind of global turmoil that we see now is pushing investors to parer money into safe haven's like silver and gold, and that's in turn boosting the price for precious metals and in turn, of course that's great news for miners and for a company like Fresneo in particular.
We've been talking a lot lately about that company, because it's in the really interesting position of being specifically a gold and silver minor at a time when gold and silver are rising very very strongly. Gold has just posted its best annual performance since nineteen seventy nine. It hit record after record in twenty twenty five, and now, of course, with this Venezuela situation, we're seeing kind of another boost for those precious metals, and that's a big boost as
well for Fresno. For context, the shares rose about four hundred and fifty twenty twenty five for their company. So let's see what the ceiling is actually there for for Reresnio.
Okay, well, the markets also seem to have some New Year's resolutions. Maybe buy more chips is one.
Yeah, absolutely, and that's good news for ASML, which rose that morning quite strongly as well to actually to a record, and that's because of a couple of things. But first, we had an upgrade from Bernstein analysts saying that ASML will benefit a lot from a memory chip demand, which is of course driven by AI. But ASML is also riding the wave of quite a lot of enthusiasm in
general for tech and AI stocks. This morning. There's still concerns about the AI bubble, but investors are still continuing to put money into that AI theme. That we saw TSMC shares in particular, for example, rallying massively after Goldman Sex lifted the price target by thirty five percent for that company, saying that AI will be really a multi year growth engine for TSMC, and ASML is a big
supplier to that company. So there always tends to be that kind of reader cross where if TSMC is in a good spot and has kinds of years of growth ahead, then that bodes really well for ASML, and so we are seeing that reflected in those chests.
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