Tech Stocks Bounce, China EV Power UP, LVMH Preview

On this episode of Stock Movers:
- President Donald Trump pledged he will still apply tariffs to phones, computers and popular consumer electronics, downplaying a weekend exemption as a procedural step in his overall push to remake US trade. The late Friday reprieve — exempting a range of popular electronics from 125% tariffs on China and a 10% flat rate around the globe — is temporary and a part of the longstanding plan to apply a different, specific levy to the sector. Trump doubled down on the plan Sunday.
- Shares of Chinese electric vehicle makers extend gains Monday after a news report said that China is in talks with the European Union to set minimum prices on EVs made in the Asian nation, instead of tariffs. BYD rises as much as 4.1% in Hong Kong, Geely +5.5%, Great Wall Motor +2.6%, Xpeng +7.7%, Nio +8.8%; SAIC Motor gains as much as 2.8% in Shanghai.
- Europe’s luxury-goods stocks have had a turbulent start to the year, giving investors plenty to consider heading into first-quarter results from sector bellwether LVMH. The January rally in luxury shares is now a distant memory, as President Donald Trump’s trade war threatens to escalate a violent equity selloff and inflict more pain on Europe’s makers of finer things. A luxury stocks index compiled by Goldman Sachs Group Inc. has shed more than $200 billion from its February peak, and hopes are evaporating that Chinese stimulus can spark a lasting rebound.

See omnystudio.com/listener for privacy information.

Episode Transcript

Speaker 1 (00:02):
Bloomberg Audio Studios, podcasts, radio news, The.

Speaker 2 (00:08):
Stock Movers podcast, your roundup of companies making moves in
the stock market, harnessing the power of Bloomberg Data.

Speaker 3 (00:17):
Now, let's take a look at some of the stocks
on the move today in Europe. Were joined by Bloomberg's
equities reporter Joe Easton Joe another day, another trading session
dominated by tariffs, and it's electronic firms driving the markets
at the open.

Speaker 2 (00:31):
Who's up.

Speaker 4 (00:32):
Yes, pretty big moves across the chip and also broader
tech space today. So the likes of Asmel gaining around
three percent, as are the chip makers in Finni and
st Micro and even some of the more tech focused companies.
In terms of the hardware firms, Logitech was gaining around
five percent. So while these headlines are around potential exemptions

(00:53):
on some teriffs for chips and the border tech sector
have been watered down very slightly, it's still is a positive.
So Trump announcing potentially we are going to see some
key exemptions across the space, and that's really feeding through.
It's the main driver across European markets today. We're all
green stocks all across the tech space this morning.

Speaker 1 (01:13):
Speaking of something else that's driving Chinese EV maker is
charging ahead, absolutely driving forward in terms of the ev
So there was another report again it's all kind of
tariff related at the moment, isn't it.

Speaker 4 (01:25):
So a reports out from Bloomberg saying that the EU
and China working towards an agreement on the evs that
are sold from China into Europe, So rather than doing tariffs,
they're potentially going to do minimum pricing as well. And
the lower pricing of Chinese evs coming into the European
market has been the big impact on that sector, really

(01:48):
hit a lot of the stocks, likes A BMW, also
with Mercedes as well. What we're seeing a bit of
a move high in that sector today potentially because there
might be a bit of an agreement coming through. So
those stocks are round two percent at the moments. Delantis
also hired Reno also highs a positivity in Ausos alongside
Chips to the big themes today.

Speaker 3 (02:07):
Now Joe of course, earning season is getting underway and
we have lvimate reporting after the bell, does a share
price suggest they're going to be popping champagne corks or
staring into an empty.

Speaker 4 (02:19):
Bottom barkling potentially later today LVMH. So it's going to
be the key focus the first kind of big luxury
report from that sector coming out after the close today. Now, luxury,
of course has been on a bit of a rough ride.
First of all, there were the China issues and then
later of course the tariff impact. So what's going to
be key in this report is whether we're actually seeing

(02:41):
any impact on the initial US spending on tariffs given
what we've seen from the US, and whether that's feeding
through with the share prices coming down people's own personal
portfolios reducing does that mean people feel they have less
money to spend going forward to feeling less flush and
therefore buying fewer of those lovely handbags and piece of jewelry.

(03:02):
So it's going to be a key indicator in terms
of the drinks, just to touch a new point that
I was looking at the preview from our reporter and
actually the drink the wine and spirits business. This is
of course the MOA business expected to be the weakest
part of the report, potentially seeing sales down around five percent,
So a lot to watch, but it's going to be
a key belt weather for that sector today.

Speaker 2 (03:24):
The Stock Movers podcast 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 us on YouTube,
Bloomberg dot com, and on Applecarplay and Android otto with
the Bloomberg Business app.