EU Energy Sector Specialist Commentary: Oil + OFS + Utilities + Infrastructure

研报英文原文证据摘录

EU Energy Sector Specialist Commentary: Oil + OFS + Utilities + Infrastructure

ng periods of significant energy demand fluctuations, Engie said in a press release.

- It is not the only step Engie Zielona Energia has taken to strengthen the flexibility of the Polish grid. In June it acquired one of

Poland's largest battery projects, the 250-MW/1,000-MWh Tursko Wielki. Both flexible wind farms and large storage facilities,

reduce the burden on transmission infrastructure and minimizes the need for non-market-based capacity reductions, Engie

explained.

Markets - SPX was up 31bps from the European close to finish 1.5% higher on the day (7,600). The index opened higher, above

the 50 dma (7,474), to then rally throughout the day closing ear to the intraday high. FANG was +4.4% and cyclicals vs

defensives +2.2%. Overall volumes tracked 14% above 30 dma as both USD and treasuries rallied with oil lower. Communication

services, consumer discretionary and industrials were the best sectors with energy, healthcare and staples the worst. JPM cash was

considerably better to buy with tech, healthcare and communication services leading the skew. Industrials, consumer discretionary

and financials were better for sale. After the close Palantir +15%. The press is looking at ISM coming in at the highest level since

May 2022 (55.6), the next steps in YEN intervention and the state of Iran/US talks. Overnight USD is bid, treasuries are

unchanged and commodities are higher. In US today we have Trade balance, Factory orders, JOLTs and durable goods. It is quiet

in Europe on the macro front.Asia is lower except for Australia and China. Communication services are doing the damage in