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Let's take a look at now at some of the stocks on the move today in Europe. I'm Stephen Carroll and I'm joined by Bloomberg's Breaking He's editor Louise Moon for more. Louise, good morning. Let's start with Stillantis, looking like its market position in the US is recovering. Talk us through how investors are reacting.
Indeed, yes, they had a third quarter update today saying that shipment's overall rose thirteen percent, but that was really led, as you say, by a rise in North America, so pointing to a recovery. They've been doing a lot of work to recover in America, to recover that market. So they've been working down inventory in the In the US, they've been reintroducing some popular models. So investors reacting positively Shares Roads this morning, but it must be noted the
stock is still down about a quarter this year. There's wide kind of turnaround efforts being done by the CEO to turn the company around. They've had steep market share losses, so you know, planning to invest a lot more in the US to boot momentum, walking back from some EVE investments, reshaping top management. So the stock on the back of these market losses in the past is still down, but rising this morning on what looks like a point to recovery.
Indeed, and we're watching the share price rising in Paris as a result. Let's turn to Denmark next and the bank Yisker, in fact the best performing share in the stock six hundred at the moment, Yeah, to fresh record highs.
They gained as much as around five percent this morning. That's after they upgraded their full year outlook, citing essentially what they call favorable financial market. So analysts are saying this is a positive update. It reflects kind of a broadly based positive development. They're not totally surprised. They're seeing a strong three third quarter and citing essentially positives across the board, strong credit quality, high level of activity, customer
growth in their priority segments. So a really strong update from the Danish lender there and as I say, shares recordize.
And in Sweden the technology company Micronic, what's the needs from them?
Yeah, so their shares falling, so very opposite, moved from them down as much as about nine percent, and that's on the back of an analyst rating. So Bank of America initiated coverage on Micronic and they gave them an underperform, essentially saying that Chinese demand has peaked for a certain type of semiconductor equipment that it makes, and they're saying therefore for Micronic as a company is driving fundamentals and
valuation downward from here. So the growth moving forward is slightly difficult to predict given that that demand from China has peaked. So not a good coverage, a coverage from Bank of America and really weighing on Micronic shares This morning.
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