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

0717 GMT - The euro's gains against the dollar in response to Tuesday's lower-than-anticipated U.S. inflation data are likely to be limited, ING's Chris Turner says in a note. European natural gas prices are back at levels seen in mid-March due to renewed U.S.-Iran tensions and one softer U.S. inflation print doesn't make a trend, he says. In the absence of a major improvement in energy markets, the euro could struggle to break above the $1.1460-$1.1470 area and could fall to the $1.1360-$1.1380 area if oil prices rise another leg higher, he says. However, there does seem to be strong demand for the euro below $1.14, he says. The euro rises 0.1% to $1.1428. (renae.dyer@wsj.com)

0659 GMT - Bitcoin rises to a three-week high, extending gains driven by Tuesday's lower-than-expected U.S. inflation data. The data prompted markets to scale back expectations for interest-rate rises by the Federal Reserve, supporting risky assets, including cryptocurrencies. Attention now turns to wholesale inflation data at 1230 GMT and the second day of Fed Chair Kevin Warsh's testimony before Congress after he reiterated his commitment to price stability Tuesday. Bitcoin rises 0.7% to a high of $65,209, LSEG data show. (renae.dyer@wsj.com)

0652 GMT - Eurozone government bond yields rise in opening trade, tracking the direction of U.S. Treasury yields. Yields rise due to higher oil prices, although Tuesday's below-forecast U.S. inflation data pulled U.S. and European 10-year yields away from eight-week highs. Longer-dated yields fell by less than their shorter-dated counterparts. This reflected both comments from Federal Reserve Chair Kevin Warsh, where he reaffirmed his commitment to price stability in testimony to Congress, and elevated oil prices due to military attacks in the Middle East, analysts at KBC Bank say in a note. The 10-year Bund yield rises 3.3 basis points to 3.105%, according to Tradeweb. (emese.bartha@wsj.com)

0644 GMT - Nuvoco Vistas Corporation's capacity expansion enhances its growth visibility, Elara Securities (India)'s analysts say in a research report. The cement group commissioned a 2-million-ton grinding unit at India's Surat in July, a move seen ahead of schedule, the analysts note. Its 3.5-million-ton clinker unit at Kutch and its 2.5-million-ton grinding unit with a waste heat recovery system are on track for commissioning in 1H FY 2027. The brokerage lifts its Ebitda estimates for the company by 9% for FY 2027 and 3% for both FY 2028 and FY 2029. It raises the stock's target price to 391.00 rupees from 370.00 rupees, but lowers the rating to accumulate from buy, saying the stock offers only about a 15% price upside. Shares are 14% higher at 389.65 rupees. (ronnie.harui@wsj.com)

0637 GMT - The dollar stays weaker after Tuesday's lower-than-forecast U.S. inflation data dampened expectations for the Federal Reserve to raise interest rates. Both headline and core inflation eased more than expected to 3.5% and 2.6%, respectively, in June. Fed Chair Kevin Warsh reaffirmed his commitment to price stability in a testimony to Congress Tuesday. He speaks again at 1400 GMT. Warsh's efforts to stamp his inflation-fighting credibility should be distinguished from the need to raise rates, Jefferies economist Mohit Kumar says in a note. "Unless we get a sustained rise in oil prices and spill over onto consumer prices, our view is that inflation would trend lower over the coming quarters." The DXY dollar index falls 0.2% to 100.761. (renae.dyer@wsj.com)

0625 GMT - Jefferies has reduced its exposure risk by a notch in recent days as market volatility is likely to remain high, global economist Mohit Kumar says in a note. The investment bank remains of the view that the Middle East is currently more unstable than it was before the war between the U.S. and Iran. That said, it remains bullish on markets overall and retains long positions in credit and equities exposure. Jefferies also retains long positions in front-end rates, implying that it anticipates a decline in short-dated bond yields. (emese.bartha@wsj.com)

0514 GMT - Thai Oil's gross refining margin is likely supported by diesel supply tightness in Asia, CGS International's Amornrat Cheevavichawalkul says in a research report. Ukraine's drone strikes on Russian refineries have led to unplanned outages, causing supply tightness, the analyst notes. The Thai refiner's 2Q crude cost will probably be manageable, underpinned by low-cost inventory carried over from earlier purchases. The brokerage lifts its 2026-2028 EPS estimates for Thai Oil by 3.9%-15.2% to reflect higher market assumptions for gross refining margin. It upgrades the stock's rating to add from hold and raises the target price to 59.50 baht from 51.00 baht. Shares are 6.3% higher at 54.50 baht. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

July 15, 2026 03:17 ET (07:17 GMT)

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