European Gas Prices Hit 18-Month Low; Goldman Sachs Initiates Broad Auto Coverage; Alphabet Secures NATO AI Cloud Deal
Key TakeawaysEuropean natural gas prices have plummeted below €30 per megawatt-hour for the first time since May 2024, driven by milder weather forecasts and signals of de-escalation in the Ukraine conflict.Goldman Sachs has initiated extensive coverage of the automotive sector, issuing "Buy" ratings for luxury brands Ferrari (RACE), BMW (BMW), and Mercedes-Benz Group Ag (MBG), with target prices of €391 and €112 for Ferrari and BMW respectively.Alphabet Inc (GOOGL, GOOG), through its Google Cloud division, ...