The latest Market Talks covering Energy markets. Published exclusively on Dow Jones Newswires throughout the day.
0819 GMT - European gas prices tumble on hopes that a pause in fighting between the U.S. and Iran could pave the way for renewed diplomatic efforts and restore flows of liquefied natural gas. The benchmark Dutch TTF contract is down 6.2% to 59.70 euros a megawatt-hour, though it remains more than 46% higher on the month. Europe is facing a challenging race to secure LNG supplies as Qatar's export restrictions coincide with stronger Asian demand and above-average temperatures driving higher gas consumption. With storage levels at 54%, well below the five-year seasonal average of 70%, markets are concerned that Europe could struggle to rebuild inventories ahead of the winter heating season. (giulia.petroni@wsj.com)
0815 GMT - The euro remains vulnerable to renewed falls even as oil prices ease after the U.S. and Iran halted attacks, ING's Francesco Pesole says in a note. The euro's rise above $1.14 looks "somewhat optimistic" given the absence of a clear de-escalation path, he says. "Any renewed military strikes could quickly send Brent crude back to $100 per barrel and the euro below $1.1380." Potential dollar buying ahead of the Federal Reserve's decision Wednesday could also weigh on the euro versus the dollar, he says. Elevated gas prices are another reason to remain cautious on the euro unless tensions ease quickly, he says. The euro rises 0.3% to $1.1402.(renae.dyer@wsj.com)
0757 GMT - Portuguese energy company Galp Energia could be taking the first step toward selling its solar and wind portfolio, RBC Capital Markets analyst Biraj Borkhataria writes. Galp is buying 15 onshore wind farms in Spain in a 420-million-euro deal. It follows the acquisition of another portfolio in April in a 320-million-euro deal. Galp previously held a predominantly solar portfolio and the wind acquisitions could be the first step to selling the entire portfolio, he says. This is because the combination of wind and solar would likely achieve a better valuation than a solar-only portfolio, Borkhataria says. Shares fall 3.6% to 19.31 euros. (adam.whittaker@wsj.com)
0749 GMT - European energy stocks fall in opening trade after President Trump paused a major escalation in the military campaign against Iran. The U.S. military had been ready Friday to launch an intensive series of strikes against Iran, which could have lasted up to two weeks, officials said. The pause and renewed focus on diplomacy sends Brent crude futures sliding 5.8% to 86.37 a barrel while WTI drops 3.9% to $76.25 a barrel. In London, BP falls 3.5% and Shell slips 1.8%. France's TotalEnergies falls 2.7%, Spain's Repsol is down 2% while Italy's Eni drops 4%. Portugal's Galp, which also reported second-quarter results Monday, was down 4.6%.(adam.whittaker@wsj.com)
0741 GMT - Asia economies may face higher inflation pressure from elevated oil prices, according to Goldman Sachs in a research note. GS maintains its oil-price forecast of $80 per barrel for Brent in 4Q, although the price can go even higher given renewed U.S.-Iran military strikes and potential for a new bottleneck in the Red Sea. "Import prices and producer prices rose sharply across Asia in recent months (though implicit or explicit subsidies have moderated or capped retail fuel prices in some countries)," they say. (tracy.qu@wsj.com)
0734 GMT - Gold prices rise after the U.S. paused military strikes against Iran, sending Brent crude below $90 a barrel and easing concerns over inflationary pressures. In early European trading, New York gold futures are up 0.9% t $4,107.10 a troy ounce. "The easing in geopolitical tensions has reduced inflation concerns and could lessen pressure on the Fed to tighten policy further, providing near-term support for gold ahead of this week's closely watched Fed meeting," says Soojin Kim, analyst at MUFG. With a hold largely priced in, investors will focus on Fed Chair Kevin Warsh's remarks for clues on the policy outlook and the likely path of interest rates for the remainder of the year.(giulia.petroni@wsj.com)
0729 GMT - Portuguese energy company Galp Energia hikes its dividend in a shift away from share buybacks, RBC Capital Markets analyst Biraj Borkhataria writes. The company made no changes to its buyback guidance. The 10% dividend hike accelerates recent growth following a 4% rise last year and 3% the year before, he adds. The company has completed over 90% of its 250 million euro buyback program for 2026, which suggests there will be limited share repurchases in the second half of the year, Borkhataria says. Overall, the group's second-quarter performance was in line with expectations but divisional performance was mixed, he says. Shares fall 3.9% to 19.25 euros. (adam.whittaker@wsj.com)
0714 GMT - Yields on U.K. government bonds, or gilts, fall as oil prices decline, easing concerns about inflation. The price of Brent crude falls 6.5% to $90.5 a barrel after the U.S. and Iran paused attacks, raising prospects of a potential resolution to the Middle East conflict. Ten-year gilt yields hit a one-week low of 4.971%, Tradeweb data show. (miriam.mukuru@wsj.com)
0712 GMT - European stock indexes jump as a sharp fall in oil prices prompts gains across all sectors except energy. The Europe-wide Stoxx 600 adds 0.85%. London's FTSE 100 rises 0.5% as energy intensive Rolls-Royce jumps 3.4% while British Airways-owner IAG adds 4%. Index gains are tempered by falls for oil majors, with BP down 3.8%. The German DAX jumps 1.35%, led by software giant SAP--up 3.1%. In Paris, the CAC 40 is up 0.9% with defense group Thales up 3.1%, while luxury stocks gain. Spain's IBEX 35 gains 1%, while the Italian FTSE MIB is 0.55% higher. The Dutch AEX rises 0.4% as ASML adds 0.8%. (josephmichael.stonor@wsj.com)
0705 GMT - Bitcoin rises as a pause in fighting between the U.S. and Iran improves risk sentiment. President Trump has delayed major military escalation against Iran to allow for diplomacy, The Wall Street Journal reports, citing U.S. officials. Continued negotiations, lower energy prices and reduced military escalation improve liquidity conditions, lower inflation fears and support risk appetite, Zaye Capital Markets analyst Naeem Aslam says in a note. However, bitcoin remains vulnerable given recent outflows in spot bitcoin exchange-traded funds, he says. Any renewed attacks in the Middle East could send bitcoin to as low as $60,000, he says. Bitcoin rises 1.3% to $65,440, LSEG data show. (renae.dyer@wsj.com)
0635 GMT - The dollar falls as oil prices decline and demand for safe havens wane following a pause in strikes between the U.S. and Iran over the weekend. President Trump has put off a major escalation in military action against Iran as he attempts to revive diplomacy, The Wall Street Journal reports, citing U.S. officials. The drop in oil prices prompts markets to slightly trim expectations for U.S. interest-rate rises ahead of the Federal Reserve's policy decision on Wednesday. The DXY dollar index falls 0.3% to 101.155. (renae.dyer@wsj.com)
0625 GMT - Eurozone government bond yields fall at opening trade, tracking U.S. Treasury yields. Bond yields fall alongside a significant retreat in oil prices, as U.S. President Trump stepped back from a military escalation against Iran, prioritizing diplomatic solutions to reopen the Strait of Hormuz. Eurozone government bond supply will come from Belgium, which will auction 2.4 billion euros to 2.8 billion euros in 2031-, 2033- and 2035-dated bonds on Monday. The 10-year Bund yield falls 3.5 basis points to 3.134%, according to LSEG. (emese.bartha@wsj.com)
(END) Dow Jones Newswires
July 27, 2026 04:19 ET (08:19 GMT)
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