The latest Market Talks covering Energy markets. Published exclusively on Dow Jones Newswires throughout the day.
0950 GMT - U.S. Treasury yields rise while the dollar is stable as markets continue to bet on the prospect of tighter monetary policy by the Federal Reserve. At the same time, attention will also remain focused on the diplomatic talks between the U.S. and Iran, with both countries aiming at reaching a final agreement within 60 days, Exness' Li Xing says in a note. "Progress toward a deal could reduce demand for safe-haven assets and weigh on the dollar. However, caution could remain given the numerous setbacks that have characterised the negotiations in recent months," Xing says. The dollar is steady at 100.86. The 10-year Treasury yield rises 3.8 basis points at 4.489%, according to Tradeweb. (emese.bartha@wsj.com)
0931 GMT - CRH's potential acquisition of U.S. construction group Arcosa will overlap with to the group's operations in the country, Jefferies's Glynis Johnson writes. The Ireland-based group is nearing a deal to buy Dallas-based Arcosa for over $8 billion, according to a report in the Financial Times. "Arcosa is largely focused in the U.S. with only limited exposure to Canada and Mexico, and appears to have significant crossover with CRH's U.S. operations," the analyst writes. The debt-driven acquisition would raise CRH's net debt to earnings ratio for 2026, though the analyst sees potential for the construction group to sell other assets. CRH shares are flat premarket. (josephmichael.stonor@wsj.com)
0850 GMT - Siemens Energy opting to spin off its Transformation of Industry unit would likely be welcomed by the market given it has lower potential than its gas and grids businesses, Jefferies analysts write. There have been media reports management are considering such a move. Siemens Energy could divest 60% in a first move either through a spin-off or IPO, the analysts write. It could then retain 40% at least on an interim basis, they add. The unit produces compressor and steam turbines. Shares rise 0.7% to 170.10 euros. (adam.whittaker@wsj.com)
0809 GMT - EDP-Energias de Portugal's integrated business is set to benefit from Iberian power-demand growth, Bernstein analysts write. The energy company is set to gain from electrification efforts, data-center expansion, and emerging green hydrogen projects, they note. Higher power demand puts a floor on wholesale prices, they write. Their hydropower plants, which have a long life cycle and generate high free cash flow, are underappreciated by the market, they write. Shares rise 0.8% to 4.443 euros.(adam.whittaker@wsj.com)
0803 GMT - European natural-gas prices rise as traders weigh progress in U.S.-Iran negotiations and await details on damage to a key gas facility in Qatar following an explosion. In early trading, the benchmark Dutch TTF contract is up 1.5% to 42.67 euros a megawatt-hour. President Trump on Sunday threatened Iran over its support of Lebanese faction Hezbollah, causing a flare-up in tensions. On Monday, however, mediators Pakistan and Qatar said the two sides agreed on a roadmap to reach a final deal within 60 days. Separately, a blast struck Qatar's Barzan gas supply facility as the country works to restore LNG exports disrupted by the war. "As we move deeper into the injection season and closer to the 2026/27 winter, the European gas market will become increasingly sensitive to developments in the Middle East," ING analysts say, particularly given that EU storage levels remain well below seasonal norms. (giulia.petroni@wsj.com)
0743 GMT - Austrian oil-and-gas company OMV will benefit from higher energy prices, which it can use to fund the transformation of its chemicals unit, Baader Helvea's Frederic Lorec writes. The brokerage increases the stock's target price to 71.5 euros from 63.4 euros. It also revises upward its earnings per share forecast for 2026 to 6.53 euros from 6.44 euros due to stronger commodity prices. However, it moves EPS expectations for 2027 lower, to 5.46 euros from 6.66 euros previously. Shares trade 0.2% higher at 56 euros.(adam.whittaker@wsj.com)
0732 GMT - Despite the recent memorandum of understanding between Iran and the U.S., the effects of the Middle East war continue to pose a risk to the United Arab Emirates' economic outlook, S&P Global Ratings says in a note. That said, the anticipated opening of additional hydrocarbon export routes, a likely increase in oil production from 2027, and the UAE government's large fiscal and external buffers in the form of sovereign wealth fund assets and foreign exchange reserves could all support a period of recovery, the ratings firm says. Although not S&P Global Ratings' base case, a resumption of the war could lead to uneven recovery across sectors and could have a severe credit impact on the UAE. (emese.bartha@wsj.com)
0729 GMT - Yields on U.K. government bonds fall as U.S.-Iran talks raise the prospects of an end to the oil supply shock. Investors are optimistic that energy prices will continue to fall, easing concerns about inflationary pressures. Focus is also on U.K. Prime Minister Keir Starmer as media reports say that he could resign on Monday, paving the way for a leadership change. U.K. fiscal uncertainty under a new leader could keep the gilt market volatile. Ten-year gilt yields fall 1 basis point to last trade at 4.830%, Tradeweb data show. (miriam.mukuru@wsj.com)
0716 GMT - Bitcoin edges slightly higher but continues to trade in a narrow range amid uncertainty over the Middle East conflict. Mediators said Iran and the U.S. agreed to the creation of a mechanism to ensure the termination of military operations in Lebanon, WSJ reports. U.S. Vice President JD Vance also struck an upbeat tone after his initial round of talks with Iran on Sunday, saying they made great progress. However, speaking to Fox News, President Trump threatened fresh military action if Iran closed the Strait of Hormuz. "What the overall positive weekend has perhaps taught us is that the path to a durable resolution remains fragile," Deutsche Bank analysts say in a note. Bitcoin rises 0.3% to $63,940, LSEG data show. (renae.dyer@wsj.com)
0657 GMT - Eurozone government bond yields fall in opening trade as oil prices decline after Iran and the U.S. agreed to the creation of a mechanism to ensure the termination of military operations in Lebanon. Eurozone yields move in the opposite direction to U.S. Treasury yields, which rise on increasing prospects of the Federal Reserve raising interest rates later this year. Both eurozone data and sovereign-bond issuance calendars are empty on Monday. The 10-year German Bund yield falls 2 basis points to 2.962%, according to Tradeweb. (emese.bartha@wsj.com)
0646 GMT - The dollar rises as traders bet that the Federal Reserve could raise interest rates as soon as September. The Fed's meeting last week signalled the potential for raising rates by year-end, prompting markets to bring forward tightening expectations. The dollar's gains come even as oil prices fall after mediators said the U.S. and Iran made progress in talks. The dollar hasn't suffered from lower oil prices due to U.S. rate-rise bets, Commerzbank's Thu Lan Nguyen says in a note. The dollar could still benefit if oil prices rise again as this would fuel inflation and boost rate expectations, she says. The DXY dollar index rises 0.1% to 100.905, having reached a one-year high of 101.127 Friday.(renae.dyer@wsj.com)
0645 GMT - Oil prices fall after mediators Qatar and Pakistan said the U.S. and Iran agreed on a roadmap aimed at reaching a final deal within 60 days. In early European trading, Brent crude falls 2% to $78.94 a barrel, while the most active August WTI contract is down 0.9% to $75.19 a barrel. Prices had risen earlier after President Trump threatened Iran over its support for Hezbollah. Qatar and Pakistan said Washington and Tehran established a line of communication to ensure safe passage through the Strait of Hormuz, while Iranian negotiator Hossein Ghorbanzadeh signaled progress on sanctions waivers for Iran's oil sales and the release of frozen assets. "Recent developments show that moving towards a more permanent deal will be challenging," analysts at ING say. "The key factor is still whether oil and LNG flows from the Persian Gulf continue to recover, despite all the rhetoric." (giulia.petroni@wsj.com)
(END) Dow Jones Newswires
June 22, 2026 05:50 ET (09:50 GMT)
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