European Equities Less Vulnerable to Natural-Gas Price Spikes
Dow Jones
Yesterday
1101 GMT - European equities are less vulnerable to spikes in natural-gas prices than in 2022, but higher energy costs can still hurt the continent's stocks, Citi analysts write. Gas storage volumes are higher than many assume, they say, even as benchmark natural-gas prices on the continent trade at their highest levels since the end of 2022. While higher gas prices would hurt European stocks, Citi commodity analysts see European prices falling by around 30% through the end of the year. "We therefore remain constructive on European equities through mid-2027, supported by solid earnings-per-share growth," they write.
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