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

1141 GMT - Nordex could benefit from surging power demand from AI, data centers and industrial expansion in the U.S., Mwb analyst Leon Muehlenbruch says in a note. "Despite Washington's tougher stance on wind, attractive generation costs and short deployment times suggest that economics could ultimately outweigh politics," Muehlenbruch says. This would support the German wind-turbine maker, as Europe and particularly Germany approach a potential peak, according to Mwb. Even so, much of the operational improvement is priced in to Nordex's share, and Mwb maintains its buy rating on the stock with a 44-euro price target. Nordex trades 1.0% higher at 39.94 euros. (sarah.sloat@wsj.com)

1131 GMT - Technoprobe is given a boost by positive August revenue figures from its largest customer, Taiwan Semiconductor Manufacturing Company, Equita's Alberto Gegra writes. TSMC posted August revenue of around $16 billion, a 53% acceleration on-year. "This is a very strong figure," Gegra writes. TSMC contributes directly or indirectly to between 50% to 60% of Milan-listed Technoprobe's revenue, the analyst estimates. Strong demand from TSMC will support Technoprobe's investment in advanced semiconductor testing technology. TSMC's strong revenue also reaffirms the case for Technoprobe to further expand its capacity. Technoprobe shares jump 6.7%, leading the Europe-wide Stoxx 600 index. (josephmichael.stonor@wsj.com)

1031 GMT - Oil prices extend gains, with Brent crude pushing past $100 a barrel as fresh clashes between the U.S. and Iran deepen concerns over supply disruptions and the impact of a prolonged war on the broader economy. Brent crude rise 0.8% to $102 a barrel, while WTI futures are up 1.4% to $97.38 a barrel. Traders now await the release of weekly inventory data from the Energy Information Administration later on Thursday, with a particular focus on distillate stock changes given the current tightness in global diesel markets. OPEC and the IEA will also release their monthly oil reports this week. (giulia.petroni@wsj.com)

1016 GMT - Palm oil fell during the Asian trading session. Prices were likely pressured by overnight weakness in rival soy oil, Kenanga Futures writes in a note. Data from cargo surveyor AmSpec Agri Malaysia estimated that Malaysia's palm oil exports during the Sept. 1-10 period fell 17% on month, indicating weaker demand. The Bursa Malaysia Derivatives contract for November delivery fell 81 ringgit to 4,885 ringgit a ton. (kimberley.kao@wsj.com)

0951 GMT - Galp Energia's oil and gas projects in Namibia are a major source of long-term upside, Barclay's Naisheng Cui writes. The Portuguese energy company could potentially double its production over the next decade through Bacalhau in Brazil and the Namibia assets, he writes. The Venus development is in the final stretch ahead of final investment decision--when the project would move to its development phase--and the economics continue to meet the investment criteria, the company said at the Barclays Energy-Power Conference. Attention is also shifting toward the next appraisal campaign of Namibia's Mopane, with the company planning three wells, Cui says. "We continue to view Namibia as one of the most significant sources of long-term optionality within the European energy sector," he says. Shares trade flat at 21.40 euros.(adam.whittaker@wsj.com)

0916 GMT - Nintendo's expanded 2027 software pipeline should support long-term earnings growth, but investors are likely to focus on the lack of near-term catalysts following a series of game announcements, Citi analyst Tokiya Baba writes in a note. The Japanese games giant unveiled several coming first-party titles during its Nintendo Direct presentation this week. While Citi expects near-term pressure on the stock as investors digest recent announcements, it views any pullback as a buying opportunity and maintains its 9,800 yen target price, citing expected Switch 2 sales growth and the strength of Nintendo's intellectual property portfolio. Nintendo shares last ended 4.90% lower at Y7,989. (sherry.qin@wsj.com)

0913 GMT - Fever-Tree Drinks is showing good U.S. momentum following its tie-up with Molson Coors, Ed Mundy at Jefferies says. The U.K. maker of tonics and mixers reported an 11% organic increase in U.S. revenue over the first half of the year, outstripping wider group growth, with CEO Tim Warrillow saying the partnership with Molson Coors "is delivering." The American brewer last year signed a deal to acquire a minor stake in Fever-Tree and to produce and distribute its drinks in the U.S. The first-half sales results provide "early proof points of U.S. growth acceleration," Mundy says, noting the partnership's boost to the company's scale and execution capability in the U.S. Jefferies has a buy rating and a 1,100-pence target price on the London-listed stock. Shares lose 6% to 764.5 pence. (joshua.kirby@wsj.com; @joshualeokirby)

0902 GMT - Galp Energia is getting a cash boost from elevated refining margins, high oil and gas prices and strong power prices, Barclays analyst Naisheng Cui writes. The Portuguese oil and gas company says it could deliver close to 5 billion euros of Ebitda with Brent trading a $90 a barrel and refining margins sitting at $35 a barrel, Cui writes after hosting the company at the Barclays Energy-Power Conference. Shares trade flat at 21.40 euros.(adam.whittaker@wsj.com)

0857 GMT - Malaysia's Budget 2027 is likely to balance near-term household support with longer-term economic transformation, RHB senior economist Chin Yee Sian says in a note. Targeted support for vulnerable households may continue, while resources will be separately allocated for certain "strategic" industries. The Budget is likely to prioritize semiconductors, AI, digitalization, aerospace, renewable energy and high-value manufacturing. The fiscal deficit target could remain at around 3.5% of GDP, with growth forecast at 4.9% in 2027. The government expects 2026 growth to come in at 5.4% and for 2027 inflation to remain contained at 1.9% following an estimated 2.1% in 2026.(yingxian.wong@wsj.com)

0822 GMT - Copper extended its record-breaking rally, surging above $14,790 a metric ton as supply shortages and tariff fears continue to drive sentiment. Still, "the speed of copper's rise and the continued narrowing in backwardation reduce the confirmation from nearby fundamentals," analysts at Sucden Financial say. A narrowing in backwardation means the gap between near-term and future copper prices is getting smaller. "A sustained hold above $14,700 a ton could keep systematic and options-related buying active, although a stronger U.S. inflation print could trigger a sharper correction through higher yields and reduced liquidity." In early European trading, three-month futures on the LME tick 0.1% lower to $14,792 a ton. (giulia.petroni@wsj.com)

0754 GMT - Disruption in the Strait of Hormuz has strengthened the case for Adnoc Gas to have export capacity on the east coast but who pays for it will be key, Barclays analyst Ramachandra Kamath writes. The U.A.E government is considering options to de-risk its reliance on the waterway, he adds. The key question for Adnoc Gas investors is ownership versus usage, according to Kamath. The plant would require substantial investment and has limited use under normal circumstances, he says. Adnoc Group could build the asset and then transfer it over to Adnoc Gas, like the group has done before, he says. This would avoid burdening Adnoc Gas's balance sheet or dilute the midteen project returns that management targets, he says. (adam.whittaker@wsj.com)

0749 GMT - Boohoo's disposal of its Sheffield center, which will now be leased by Primark, seems positive for both companies, analysts at RBC Capital Markets write in a research note. Boohoo, which trades under the Debenhams Group name, said it sold its Sheffield distribution centre and reassigned the lease to Primark for 90 million pounds in cash. The disposal should strengthen Boohoo's balance sheet, analysts Richard Chamberlain and Manjari Dhar say. "We expect Primark to use this additional capacity to strengthen its U.K. online capability, including home delivery," they add. As a result of the disposal, Boohoo now expects net debt to be negligible at the end of fiscal 2027. Shares are up 9.4%.