BP Up, Stellantis Down, Fashion Weak
On this episode of Stock Movers:
- BP Plc said it expects to report rising production and a strong result from its oil trading business for the second quarter, offering a potential boost for the energy major struggling to reverse years of underperformance.
- Stellantis is one of a number of tariff-exposed automotive stocks under the spotlight after President Donald Trump threatened a 35% levy on some Canadian goods and raised the prospect of up to 20% levies on most other countries.
- Kering and other European luxury stocks retrace some of this week’s gains as recent positive sentiment toward China-exposed equities starts to fade.
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