Global Energy Roundup: Market Talk

The latest Market Talks covering Energy markets. Published exclusively on Dow Jones Newswires throughout the day.

0957 GMT - The stock market should continue to rally into the middle of 2027 as positive performance extends outside of tech to other sectors, Citi analysts write. "'Broadening' market performance is finally taking shape," the analysts write, with financial and materials stocks--as well as tech--seen outperforming the market. However, risks around equity performance are increasing, the analysts note. An escalation to the U.S.-Iran conflict, Federal Reserve rate hikes and volatility around elections could all weigh on sentiment, they say. Moreover, negative macro/political developments could compound volatility from stepped-up scrutiny around the global AI trade, they add. (josephmichael.stonor@wsj.com)

0927 GMT - Concerns about inflation risk due to elevated energy prices could dominate the U.K. government bonds market for a long time, Mizuho's Evelyne Gomez Liechti says in a note. Brent crude price advances 2.7% to $100.53 per barrel, raising inflation risk and the possibility of the Bank of England increasing interest rates in the coming months. Markets fully price in three quarter-point BOE rate rises by July 2027, LSEG data show. Ten-year gilt yields climb 4 basis points to last trade at 5.202%, Tradeweb data show. (miriam.mukuru@wsj.com)

0744 GMT - Investors raise their expectations of the Bank of England increasing interest rates in the coming months due to inflation concerns as oil prices edge above $100 per barrel in early trade Wednesday. Traders fully price in three BOE rate rises by July 2027, up from two rate hikes priced in on Tuesday, LSEG data show. (miriam.mukuru@wsj.com)

0734 GMT - Delta Electronics is entering a stronger artificial-intelligence-driven growth phase as next-generation power systems move into mass production, helping offset near-term supply chain bottlenecks, according to a Fubon Research report. While power-management chip shortages are expected to weigh on 3Q revenue, Fubon expects growth to reaccelerate in 4Q as supply constraints ease and demand for AI server power equipment remains strong. Fubon reiterates its buy rating, citing coming contributions from high-voltage direct current systems and power solutions for Nvidia's Vera Rubin platform. Delta is expected to maintain its leadership in AI server power infrastructure, supported by its research capabilities, broad product portfolio and manufacturing scale, Fubon says. (sherry.qin@wsj.com)

0726 GMT - Yields on U.K. government bonds, or gilts, climb due to inflation worries as oil prices rise further. U.S.-Iran hostilities intensified, with the U.S. striking Iranian oil tankers on Tuesday in retaliation to Iran's attacks on U.S. warships. As a result, Brent crude price rises 2.1% to $99.99 per barrel. Ten-year gilt yields rise 2.3 basis points to last trade at 5.185%, Tradeweb data show. (miriam.mukuru@wsj.com)

0705 GMT - Brent crude prices trade close to $100 a barrel as attacks in the Middle East escalate and markets see no credible path to de-escalation in sight. The global oil benchmark climbs 1.6% to $99.49 a barrel, while WTI futures are up 1.4% to $94.31 a barrel. Both benchmarks have gained 20% on the month. According to U.S. Central Command, the U.S. destroyed five Iranian oil tankers on Tuesday in response to fresh attempts by Tehran to strike U.S. warships in recent days. "Recent developments only reinforce the view that we're still some way from a restart in talks," ING analysts say. Major banks--including Goldman Sachs, Bank of America and UBS-- all lifted their oil-price forecasts for this year and next, as prolonged shipping disruptions raise the geopolitical risk premium. (giulia.petroni@wsj.com)

0701 GMT - Eurozone bond yields rise, responding to higher oil prices, while investors' focus remains on the European Central Bank's interest-rate decision on Thursday. "Euro rates continue to trade largely as a function of energy rather than domestic fundamentals," Mizuho's Evelyne Gomez-Liechti says in a note. Money markets have fully priced in a 25-basis-point rate increase which would bring the deposit rate to 2.50%. Therefore, the main question for investors is what changes the ECB will make in its new GDP and inflation forecasts, and what signals it gives for the future policy path. Brent oil is up 1.7% at $99.59 per barrel. The 10-year German Bund yield rises 1.9 basis points to 3.375%, according to Tradeweb. (emese.bartha@wsj.com)

0658 GMT - Nihon Dempa Kogyo is expected to benefit from growth in demand for crystal devices for data centers, Nomura's Mikihiko Yamato says in a report. It has a competitive edge in high-precision oscillators for optical transceivers having transmission speeds of 1.6- and 3.2-terabits per second, which are used in artificial-intelligence data centers, the analyst says. Optical transceivers currently operate at transmission speeds of 400 and 800 gigabits per second, but Nomura expects this to increase to 1.6Tbps or 3.2Tbps as data volumes increase. Nomura initiates coverage of the stock with a buy rating and a target price of 6,000 yen. Shares closed 8.65% higher at Y2,737. (ronnie.harui@wsj.com)

0636 GMT - Copper prices are likely to remain elevated as tariff uncertainties linger, ING commodities strategists say in a note. The metal has been hitting record high recently,driven by expectations of U.S. tariffs on refined copper imports. Markets are waiting for President Trump's decision on refined copper tariffs. The proposal is for a 15% duty from January 2027, before rising to 30% in 2028, they note. If approved, tariffs would keep drawing copper into the U.S. However, another exemption or delay could unwind the trade and ease supply tightness elsewhere. The three-month LME copper contract is 0.2% lower at $14,675.00 a ton. (amanda.lee@wsj.com)

0608 GMT - Ithaca Energy continues to target first oil from the Rosebank field in the first six months of 2027, Barclays analyst Naisheng Cui writes. The development has been entangled in legal reviews but a decision is expected soon. Drilling is continuing and the floating production, storage and offloading ship is on-site. At its production plateau, Rosebank is expected to contribute around 10%-12% of group production, Cui writes after a fireside chat with Executive Chairman Yaniv Friedman at the Barclays CEO Energy-Power Conference. Shares closed Tuesday at 271.20 pence. (adam.whittaker@wsj.com)

0604 GMT - Malaysia's 2027 budget could carry an election-friendly tone that benefits certain domestic-facing sectors, TA Securities analyst Kaladher Govindan says in a note. Likely priorities include rail infrastructure projects in Penang and Johor, flood-mitigation and water infrastructure, as well as AI, data centers and semiconductor manufacturing incentives. Cost-of-living relief is also probably on the table. Sectors including construction, property and utilities are expected to benefit the most from fiscal spending, he says. Technology and plantation sectors could also gain from targeted incentives to support long-term growth. TA Securities flags Gamuda, Tenaga Nasional, Telekom Malaysia, Nestle (Malaysia) and Sime Darby Property as among the companies that stand to gain. (yingxian.wong@wsj.com)

0559 GMT - Frencken Group is likely preparing a "war chest" for multiyear growth, Maybank Research's Jarick Seet says, noting the company's completed share placement of S$100 million. The "war chest" will probably lead to strategic investments and acquisitions, potentially within two years, the analyst says in a note. These could introduce new capabilities or generate more revenue that are recurring in nature, which would likely be a major positive for the technology-solutions provider. The brokerage maintains the stock's buy rating, but lowers the target price to 3.32 Singapore dollars from S$3.70 to account for dilution from the share placement. Shares are 2.85% higher at S$2.53. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

September 09, 2026 05:58 ET (09:58 GMT)