Europese energieaandelen openen hoger door stijgende prijzen – Marktonderwerpen

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0830 GMT - European energy stocks rise in opening trade as oil jumps and LNG soars. Brent crude rises 4.35% to $81.12 a barrel, while WTI is up 3.6% to $72.23 a barrel. The biggest jump was in European natural-gas prices, which rose more than 20% Tuesday after Qatar halted production at the world's largest liquefied-natural-gas export facility as the conflict in the Middle East spreads. In London, BP shares rise 0.8%. France's TotalEnergies and Spain's Repsol are both up around 1%. Portugal's Galp Energia rises 0.5%. (adam.whittaker@wsj.com)

0828 GMT - A prolonged Middle East conflict could weigh on emerging Asian economies, Goldman Sachs analysts say in a research note. GS estimates that a six-week closure of the Strait of Hormuz could send oil prices to $85 a barrel. Under this scenario, regional inflation could increase by around 0.7 percentage point, with the Philippines and Thailand being the most sensitive, they note. The disruption could pose a 0.5 percentage point drag on real GDP growth on average across the region, with Singapore being the most vulnerable. Almost all countries in the region are likely to see a deterioration in their current account balances, led by Thailand and Singapore, they add. (sherry.qin@wsj.com)

0826 GMT - Eurozone government bond yields jump in early trade at a faster pace than their U.S. peers, with investors focusing on inflation risks rather than the attractiveness of sovereign debt as a safe haven. "The price action at the start of this week once more underscores that Bunds and U.S. Treasuries no longer function as safe havens," Commerzbank's Christoph Rieger says in a note. "Failure to perform against swaps in the current environment...underlines that triple-A paper government bonds are no useful hedges against an equity selloff or wider credit spreads during a crisis." The 10-year German Bund yield rises 6.4 basis points to 2.771%, while other eurozone bond yields rise by more, according to Tradeweb data. (emese.bartha@wsj.com)

0806 GMT - Bitcoin falls after President Trump said U.S. attacks on Iran are expected to last four or five weeks but could go longer, denting risk appetite. Bitcoin's reaction to the conflict has been volatile. The cryptocurrency initially fell at the weekend when the U.S. and Israel launched attacks against Iran but recovered Monday. Monday's gains likely reflected positioning adjustments and differing views on risks of the conflict as geopolitics are difficult to trade, Jefferies economist Mohit Kumar says in a note. "We do not agree with the sanguine market reaction yesterday and see downside in risky assets over the coming days." Bitcoin falls 1.8% to $68,176 after reaching a two-week high of $70,028 Monday, LSEG data show. (renae.dyer@wsj.com)

0804 GMT - The Middle East conflict raises the risk of tighter export controls in Asia, says Choon Hong Chua of Moody's in a commentary. Countries are likely to align their trade and export control policies more explicitly with geopolitical positioning as military actions intensify, he says. Governments could seek to limit exposure to secondary sanctions or political repercussions, resulting in selective export restrictions, informal boycotts and tighter customs scrutiny, the senior director adds. Controls on dual-use goods could tighten further and increase the compliance burdens for exporters and logistics providers, he adds. Authorities could raise requirements to identify ultimate beneficial ownership of goods. "Over time, these non‑tariff barriers could be as disruptive to regional supply chains as any physical interruption to the supply of oil gas from the Gulf," he adds.(megan.cheah@wsj.com)

0756 GMT - Rising energy and transport costs could complicate the Monetary Authority of Singapore's growth-inflation trade-off, says Wrise Private Singapore's Kevin Teng in commentary. Costs for airlines, freight and logistics operators could jump as the Middle East conflict drives up oil and shipping costs, he says. This increases the likelihood that inflationary pressures will persist longer than expected, he adds. He reckons investors should treat this as an inflation shock rather than a demand-driven cycle. Energy and energy-related equities can be partial hedges as oil prices and freight rates climb, he adds. Meanwhile, they should be more cautious on consumer discretionary and transport names that are sensitive to higher input costs. Inflation expectations should be re-weighted higher across commodities and services with direct exposure to fuel costs. (megan.cheah@wsj.com)

0744 GMT - Gold prices rise as investors seek safety amid escalating tensions in the Middle East, but remain below $5,400 a troy ounce due to a strong dollar. In early trading, futures in New York are up 0.3% to $5,329.40. "Without a clear consensus on how long the conflict and the associated premium will last, markets will shelter in safe-haven assets like gold," analysts at BMI say. The U.S. dollar index, however, is up 0.4% to 98.83, making dollar-denominated commodities more expensive for overseas buyers. Meanwhile, expectations that the Federal Reserve could raise interest rates to curb inflation pressures stemming from the conflict weighed on prices in the previous session, triggering a selloff, market participants say. (giulia.petroni@wsj.com)

0741 GMT - The dollar rises to a near six-week high against a basket of currencies after President Trump said U.S. attacks on Iran could last four or five weeks but might go on for longer. The news encourages investors to buy safe-haven assets including the dollar. The dollar also benefits from higher oil prices resulting from the conflict due to America's energy independence and the potential for inflation accelerating and reducing the prospect of further interest rate cuts by the Federal Reserve. The DXY dollar index rises to a high of 98.815. (renae.dyer@wsj.com)

0740 GMT - The London insurance market's joint war committee expects to revise its list of geographical areas where vessels are expected to be at increased risk of war-related dangers in light of the conflict in the Middle East. "The JWC continues to monitor developments closely and will keep the situation under constant review, noting that the marine hull war market remains open for business for ship owners requiring coverage," Neil Roberts, the committee's secretary and Lloyd's Market Association's head of marine and aviation, says after a meeting late Monday. (elena.vardon@wsj.com)

0738 GMT - Beijing could maintain its growth target at around 5% this year to anchor expectations for the first year of the 15th five-year plan, Eastspring Investments economists say in a research note. That said, Eastspring projects China's real GDP to grow 4.8% this year, down slightly from 5.0% last year. China is due to hold its top policy meeting, known as the "Two Sessions," later this week. "We expect new economy sectors, especially advanced manufacturing and digital infrastructure, to remain top policy priorities," Eastspring says. (tracy.qu@wsj.com)

0726 GMT - Jefferies gets a strong sense of a difference in opinion between the U.S. versus European or Asian clients regarding the duration of the Middle East war, global economist Mohit Kumar says in a note. U.S. clients viewed the war as relatively short-lived and broadly argued that the events would be a net positive geopolitically over the medium term, he says. "Parallels were drawn with Venezuela and how events ended with a positive outcome for the markets and the Venezuelan people," he says. In contrast, European and Asian clients were more skeptical and focused on the fat tail risks associated with the ongoing geopolitical risks, he says. Jefferies is more cautious. "We do not see a long-drawn war, but see it ongoing for at least 2-3 weeks." (emese.bartha@wsj.com)

0718 GMT - U.S. Treasurys are not behaving as expected during a geopolitical turmoil, BNY's John Velis says in a note, in context of the Middle East conflict. "Typically, after a geopolitical shock of this nature, market volatility rises and risk assets like equities and corporate bonds weaken," he says. In addition, the dollar would appreciate and U.S. government bonds would rally, reflecting flight to safety behavior, he says. In some cases, such as the dollar, price action has followed the usual playbook but the real perplexity lies in U.S. Treasury moves, he says. "We would expect them to rally and yields to fall, but that is the opposite of what we saw on the first trading day after the air strikes," Velis says. (emese.bartha@wsj.com)

source: https://www.tradingview.com/news/DJN_DN20260303001545:0/