European Gas Prices Hit 18-Month Low; Goldman Sachs Initiates Broad Auto Coverage; Alphabet Secures NATO AI Cloud Deal
Stock Market News·2025-11-24 07:38

Group 1: European Natural Gas Market - European natural gas futures have fallen below the €30/MWh mark, reaching their lowest point since May 2024, attributed to milder weather forecasts reducing heating demand and momentum towards peace talks between Ukraine, the US, and Russia [2][8] - The Dutch December TTF futures traded 3.1% lower at €30.20 per megawatt-hour [2] Group 2: Automotive Sector - Goldman Sachs has initiated coverage on several automotive manufacturers, issuing "Buy" ratings for Ferrari (RACE) with a target price of €391, BMW (BMW) with a target price of €112, and Mercedes-Benz Group Ag (MBG) [3][8] - Stellantis Nv (STLA) and Renault (RNO) received "Neutral" ratings with target prices of $10 and €36 respectively [3] Group 3: Technology Sector - Alphabet Inc (GOOGL, GOOG) has signed a multi-million dollar deal with NATO through Google Cloud to provide AI-enabled sovereign cloud capabilities, enhancing security and control over sensitive data [4][8] Group 4: Economic Indicators - Switzerland's Non-Farm Payrolls for Q3 2025 remained stable at 5.532 million, consistent with the previous quarter [5][8] - South Korea's Finance Ministry announced measures to improve pension fund returns and bolster foreign exchange market stability [5][8]