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>> The Stock Movers Report, your roundup of

companies making moves in the stock

market, harnessing the power of

Bloomberg data.

>> Let's take a look at some stocks on the

move today in Europe. I'm Rachel Evans

uh with Caroline Hector here in London.

We're joined by Bloomberg reporter Chloe

Malay. Chloe, good to have you here. Um

let's kick off with SAP. um talk us

through the moves that we're seeing

there.

>> Yeah, it's a very interesting from SAP

today. This is of course not a visual

medium so I can't show the two-day share

price chart but it is a very interesting

chart because we essentially saw a lot

of weakness going into the results last

night partly because we had service now

which is another software company but in

the US uh coming out with very

disappointing results. So the mood going

into the SAP report last night was, you

know, based on fears that this is a

sector that's already facing all of that

AI disruption and now facing the impact

of the Iran war. Uh but then very

surprisingly, we actually saw very

strong numbers from SAP and so that's

led to a massive rebound in the shares

this morning. So the strategy for the

company has been to convince customers

that new AI services within SAP's

products are worth paying for. And

today's results seem to confirm that

customers are willing to do so. And so

analysts have said that the results

really came as a relief. Um this

actually echoes a little bit of what

happened with Deso Systems yesterday as

well. Another software company that had

been hit really badly during the

software um selloff um of pessimism

going into the results and then metrics

come in in you know in line or above

expectations. So perhaps this shows that

the software sector is okay at least for

now.

>> Okay. So some relief uh on SAP uh

switching to Volvo, the truck maker, not

not the car maker. They've raised their

market forecast. How do investors see

that?

>> Yeah, it seems that perhaps the worst is

over for that truck market, that truck

sector. So Volvo, as you said, just

raised it outlook for the European truck

market and that is after a very good

first quarter for orders and that was

both in Europe but also in the Americas.

This signals perhaps some early recovery

in that truck industry after a really

prolonged slump in demand and that

slowdown that we had seen as really due

to tariff costs of course but then also

a lot a lack of clarity on regulation as

well but now we have got a new tariff

environment that is known that is fairly

stable and there's also clarity on the

emissions regulation from um the US

environmental protection agency um so a

lot of demand has been unlocked as a

result of that greater clarity we've

also seen markets, uh, construction

markets and commercial vehicle markets

rebound recently. So, all of that is

really benefiting Volvo and its trucks

and we've seen shares for Volvo and also

for its closest rival, Daimler Truck,

actually move higher this morning. So,

good news all around for that for that

industry.

>> Very interesting. Um, so finally,

Electrolux and we're seeing a bit of a a

slide. Tell us tell us more about what's

going on there.

>> Yeah, a massive Yeah, massive drop.

Shares dropped 25% this morning for

Electrolux. seems that people aren't

buying many home appliances and that's

very bad news for Electrolux. It

reported much weaker than expected

results for the first quarter and that

was due in particular to weakness in

North America. It also announced a big

capital raise um and also announced a

new joint venture with um one of its

peers called Midair. So a lot of news uh

to digest and so are saying that the

structure of the joint venture is quite

complex. it could create some governance

problems down the line that it kind of

complicates the structure of the group

and might also bring some competition

risk and then they also noted that this

weakness in in North America which I've

mentioned and then also the rights issue

will definitely be weighing on those

shares at least in the short term um

although perhaps that could be laying

the groundwork for some improvement a

little bit later down the line but in

the meantime we are seeing a lot a lot

of weakness for electrolux this morning

>> the stock movers report from Bloomberg

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