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Now, let's look at some of the stocks on the move today in Europe. I'm Caroline Hepget and we're joined by Bloomberg reporter Louise Moon. Good to have you this Friday, where we've had interesting breaking news, a big jump in UBS shares because of what Swiss lawmakers are discussing.
Yeah, absolutely, Storring this morning they hit seventeen year high on the back of this news. So essentially a group of influential lawmakers in influential lawmakers have proposed watering down capital requirements that the Swiss government have proposed to impose on the bank. So essentially there's a few parts to it, but essentially they would allow it would allow Ubs to use a type of junior debt which is known as eighty one bonds instead of equity to meet the capital requirements.
And so essentially this is being taken as good news. It could if it, you know, goes ahead, it could point to a bit of end to a standoff between them and the government. Efforts, and there's been you know, criticism that towards the government that it's gone too far. So part of the these requirements are threatening to impose as much thirty six billion dollars in new capital demand.
So potentially good news for UBS on the back of this proposal, as I say, if it all goes through, so shares positive on the back of that.
Yeah, So some kind of solution. Obviously, this is the overhang of credit sweets and the worries that lawmakers and Switzerland has about the size of their banks and kind of exposure globally for those businesses. And yet the tension because obviously the bank wants to be a kind of global player I want to imagine. So this may be trying to resolve and find a way a way forwards. Very interesting. What about also in the banking space, Standard Chartered also gaining today?
Why yes, slightly different stories. They're gaining on the back of an analyst change. So Goldment have upgraded them to a buy. They are expecting improved a profitability, the chance that it will raise their guidance on returns and they're expecting this to come next year at four year results or an upcoming vested day. It kind of adds to
good news for Standard Chartered. So if you look at their last results in October, they raise their outlook there they beat estimates, so shares climbed in Hong Kong on the back of the news. Obviously it's sure listed and then again also in London today and it adds to the buys for if you look at the analyst ratings, they've got fourteen buys, six holds and three cells. So it adds to those ratings and strengthens that outlook for Standard Charters. That's Goldman Sacks upgrading to a buy and.
Then lastly added Das talking about sales and the power sportswear business.
Yeah, so this has been it's been seen as the kind of two things. So one is potentially a bit of a ripple through from Lululem and overnight they raised their outlook, they had new CEOs. There's kind of hopes of a bit of innovation. There's a lot of competition in the space, but hopes that that after period of Fu Lulu Lemons sluggish growth, you know that things could start to turn around and there's potential that that has you know, kind of rippled through into the European market.
In terms of sentiment, there's also optimism for Adidas on its own. There's an interesting bi note that came out Bloomberg Intelligence that were saying they expect sales strength to increase and to extend into twenty twenty six. They're executing better, there's a lot of demand for their products, both classic products and new products. So essentially just a lot of added sorry, a lot of optimism surrounding added US today and shares a jumping.
On that the Stock Movers Report from Bloomberg Radio. Check back with us throughout the day for the latest roundup of companies making news on Wall Street and for the latest market moving headlines. Listen to Bloomberg Radio Live, catch on YouTube, Bloomberg dot com, and on Applecarplay and Android Auto with the Bloomberg Business app.