London ( UKX ) +0.13%. The pound climbed to $1.343, its highest since mid-June. Germany ( DAX:IND ) +0.04%. Germany's June inflation slows to 2.3%, the lowest since February . France ( CAC:IND ) +0.09%. France inflation drops to 1.8% in June . In other parts of Europe, Switzerland’s consumer confidence index fell to -36 in June. Industrial production in Austria rose 0.7% Y/Y in May. The annual inf...
London ( UKX ) +0.13%. The pound climbed to $1.343, its highest since mid-June. Germany ( DAX:IND ) +0.04%. Germany's June inflation slows to 2.3%, the lowest since February . France ( CAC:IND ) +0.09%. France inflation drops to 1.8% in June . In other parts of Europe, Switzerland’s consumer confidence index fell to -36 in June. Industrial production in Austria rose 0.7% Y/Y in May. The annual inflation rate in the Czech Republic rose to 1.5% in June. The pan-European Stoxx 600 ( STOXX) moved 0.07% higher as investors assessed Middle East developments as easing oil prices, after an early-week rally, offered relief on reports the U.S. and Iran would continue peace talks. The euro climbed to $1.144, recovering from June’s one-year low, as expectations grow for further ECB interest rate hikes. In the bond market, the yield on the US 10-year Treasury was down 1 basis point to 4.53% UK's 10-year yield was down 2 basis points to 4.88%. Germany's 10-year yield was down 2 basis points to 3.03%. Currencies: ( EUR:USD ) ( GBP:USD ) ( CHF:USD ) More on Europe FX: Dollar Dances In The Dark The U.S. Dollar Consolidates With A Softer Bias As Oil Steadies Renewed War Roils Markets Germany's June inflation slows to 2.3%, lowest since February The US dollar breaks out of the pattern it was stuck in
imaginima/iStock via Getty Images The US energy grid is undergoing a significant transformation, with market forces driving a rapid expansion of renewable generation even as federal policy aims to preserve fossil fuel assets for reliability. An analysis of S&P Global Market Intelligence data shows that developers are projected to add over 90 GW of new capacity in 2026, overwhelmingly from solar, w...
imaginima/iStock via Getty Images The US energy grid is undergoing a significant transformation, with market forces driving a rapid expansion of renewable generation even as federal policy aims to preserve fossil fuel assets for reliability. An analysis of S&P Global Market Intelligence data shows that developers are projected to add over 90 GW of new capacity in 2026, overwhelmingly from solar, wind, and energy storage resources. This buildout occurs against a backdrop of unprecedented electricity demand growth, largely driven by data centers, which is fueling debate over resource adequacy and grid stability. The new S&P Global Market Intelligence report, US Grid Outlook 2026, examines these competing dynamics, detailing capacity changes, retirement schedules, and economic factors shaping the nation’s power markets. What Are the Key Trends Shaping the US Grid in 2026? Key Highlights Renewables Dominate 2026 Additions: The US is projected to add over 90 GW of new capacity in 2026, including approximately 51.2 GW of solar, 25.7 GW of energy storage, and 13.1 GW of wind. Fossil Fuel Fleet Evolves: While over 4 GW of coal capacity is scheduled for retirement, natural gas will see a modest net addition of 1.7 GW, reflecting its ongoing role in the generation mix. Data Center Demand Strains Grids: Surging electricity demand from data centers is a primary driver for new investment and a key factor in reliability concerns, particularly in regions like PJM, MISO, and ERCOT. Regional Grids Show Divergent Paths: The energy transition is not uniform. ERCOT (Texas) leads with nearly 28 GW of planned additions, while CAISO (California) continues to add solar and storage while retiring gas plants. Economic Headwinds for New Gas: New natural gas plants face significant economic and supply chain challenges, including higher costs and long lead times, compared to the faster and more stable economics of renewables. 1. Why Are Solar and Storage Leading the Capacity Expansion? The scal...
Eleven people were killed and 19 are missing after a wildfire tore through a Spanish village, with four victims who may have been British who were burned in their car, authorities said on Friday. Authorities said many of the victims may be foreign tourists visiting Bedar, a small village in Los Gallardos district, but that they were still confirming their identities. They described victims trying ...
Eleven people were killed and 19 are missing after a wildfire tore through a Spanish village, with four victims who may have been British who were burned in their car, authorities said on Friday. Authorities said many of the victims may be foreign tourists visiting Bedar, a small village in Los Gallardos district, but that they were still confirming their identities. They described victims trying to flee the fast-moving blaze through difficult, forested terrain. About 400 firefighters and troops...
Alexey_Fedoren Stock index futures were mixed on Friday, a day after a chip rally pushed the Nasdaq higher, as investors looked ahead to South Korean memory chipmaker SK Hynix's ( SKHY ) U.S. market debut. Nasdaq 100 futures ( US100:IND ) fell 0.86%, while S&P 500 futures ( SPX ) slipped 0.20%. Dow Jones Industrial Average futures ( INDU ) edged up 0.11%. Wall Street's major indexes closed higher ...
Alexey_Fedoren Stock index futures were mixed on Friday, a day after a chip rally pushed the Nasdaq higher, as investors looked ahead to South Korean memory chipmaker SK Hynix's ( SKHY ) U.S. market debut. Nasdaq 100 futures ( US100:IND ) fell 0.86%, while S&P 500 futures ( SPX ) slipped 0.20%. Dow Jones Industrial Average futures ( INDU ) edged up 0.11%. Wall Street's major indexes closed higher on Thursday as investors looked past ongoing tensions in the Middle East. The U.S. has not carried out any fresh strikes against Iran in recent hours and continues to pursue a diplomatic solution through technical talks, despite the recent escalation. No major U.S. economic data releases are scheduled for Friday, leaving markets focused on corporate developments and geopolitical headlines. U.S. Treasury yields moved lower across the curve. The benchmark 10-year Treasury yield ( US10Y ) fell about 3 basis points to 4.53%, while the 2-year yield ( US2Y ) slipped nearly 2 basis points to 4.17%. The 30-year Treasury yield ( US30Y ) eased to 5.05%. Top gainers in premarket trading included Textron ( TXT ) +4.68%, L3Harris Technologies ( LHX ) +2.46%, and Rollins ( ROL ) +2.21%. Decliners included Sandisk ( SNDK ) -4.52%, Intel ( INTC ) -3.55%, and Equifax ( EFX ) -3.51%. More on markets Selling Winners, Buying Losers Initial Unemployment Claims Down 2K, Lower Than Expected AAII Sentiment Survey: Pessimism Drops At a glance: stocks gapping up premarket AM Need to Know: OpenAI stake talks, Google antitrust setback & more
The United States is set to resume military sales to Turkey, Nato’s second-largest military power, after President Donald Trump said sanctions imposed against Ankara over its procurement of Russian air defence systems seven years ago would soon be lifted. “We don’t want to sanction friends,” Trump told journalists at the Nato summit in the Turkish capital on Wednesday, while emphasising his “good ...
The United States is set to resume military sales to Turkey, Nato’s second-largest military power, after President Donald Trump said sanctions imposed against Ankara over its procurement of Russian air defence systems seven years ago would soon be lifted. “We don’t want to sanction friends,” Trump told journalists at the Nato summit in the Turkish capital on Wednesday, while emphasising his “good chemistry” with President Recep Tayyip Erdogan. Trump further said he would soon take a final...
As US President Donald Trump flew home from a fractious Nato summit in Turkey, he was poised to resume the war with Iran, whose leaders he labelled “sick” and “scum”. Trump also complained about European leaders’ failure to spend enough on arms, support him in Iran and recognise the need for the US to take control of Greenland. The sense of rising global conflict has been palpable this week. What ...
As US President Donald Trump flew home from a fractious Nato summit in Turkey, he was poised to resume the war with Iran, whose leaders he labelled “sick” and “scum”. Trump also complained about European leaders’ failure to spend enough on arms, support him in Iran and recognise the need for the US to take control of Greenland. The sense of rising global conflict has been palpable this week. What clearly showed at the summit of the transatlantic security alliance was confirmed by the latest...