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Now, let's take a look at some of the stocks on the move today here in Europe. I'm Caroline Hepcat alongside Stephen Carroll, and we're joined by Bloomberg reporter Klai Malay. Good morning. So looking at European stocks, the biggest gaining sector is auto and car parts. That's partly being driven by Stilantis.
Why yeah, absolutely so. Stillantis is up this morning quite a bit after saying that sells in the third quarter jumped to thirteen percent and that was driven primarily by a really good performance in North America. So that really signals a recovery in that market for Stilantis after what has been quite a tough year for the company. You know, it dealt with a lot of management changes over the last year or so, a lot of loss in market
share across some of its key markets. But it seems that the strategy of kind of refocusing on the US is starting to bear fruit, perhaps so you know, just a couple of weeks ago, there were reports that Cilantis was planning to invest ten billion dollars in the US in an attempt to kind of refocus on the US, you know market that the previous management had abandoned a
little bit. You know, the previously year had preferred to invest in Europe and move production to Mexico, and now there is a shift back towards towards North America and that is making investors quite happy so far.
Okay, So that's Stilantis that we're starting with. Let's turn next to precious metals. We've been talking about the rally and gold prices for a while, those retreating now though, what are we seeing from Fresnillo.
So yeah, Fresnolo, it's a gold and silver minor and it is down this morning after that pullback in gold and silver prices. This is a company that had benefited massively from that gold rally. The shares are up two hundred and eighty two percent year today, which is massive.
So the companies in that kind of precious metals space had seen a lot of momentum as part of the circle debasement trade, where we saw a lot of investors flocking to bitcoin and gold because of that perceived safety over the dollar, So gold exceeded four thousand dollars an ounce for the first time on Wednesday this week. That was you primarily to concerns over the US economy the ongoing government shut down, of course, but over the last day or so, traders have been kind of reducing that
exposure from these extended positions and locking in profits. So silver and gold fell again as a result, and that's now hurging Fresno shares a little bit as well as other companies within that mining sector because there's also been a pullback in copper prices, so that's also hurting glen Core and Androfagasta. This morning we've seen as well.
Okay, so that on the mining sector. There does seem to be something of a recovery in the UK's jobs market, but Hayes has had a very torrid run and actually twenty twenty six might also be difficult.
Yeah, absolutely, So there's a little bit. It's a bit of a mixed bag for Hayes essentially. So it rose this morning because the trading update was a little bit
more reassuring than when then feared. The net fees that fell across both the permanent and the temporary hiring divisions, but they fell in line with what an analyst had expected, so that explains the ches being up, and this echoes kind of new data from the Recruitment and Employment Confederation that shows that the labor market in the UK, as
you mentioned, is stabilizing a little bit. UK employers scaled back hiring in September, but they did it at the softest pace in a year, so this is an improvement
but not really a full fledged rebound. Vacancies continued to fall last month that extended the current period of decline to almost two years, and the number of candidates looking for permanent work also rose very sharply again, so this is also reflected in the outlook from Hayes, mentioning that the tough market conditions would persist into next year, and of course we've got the budget in November there might lead to more tax rises and probably further pressure on
those employees. So there's signs of things getting better, getting a little bit more stable, but the UK labor market is really far from being kind of the picture of health yet.
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