{"id":56350,"date":"2025-11-24T03:38:33","date_gmt":"2025-11-24T07:38:33","guid":{"rendered":"https:\/\/stockmarketwatch.com\/stock-market-news\/european-gas-prices-hit-18-month-low-goldman-sachs-initiates-broad-auto-coverage-alphabet-secures-nato-ai-cloud-deal\/56350\/"},"modified":"2025-11-24T03:38:33","modified_gmt":"2025-11-24T07:38:33","slug":"european-gas-prices-hit-18-month-low-goldman-sachs-initiates-broad-auto-coverage-alphabet-secures-nato-ai-cloud-deal","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/european-gas-prices-hit-18-month-low-goldman-sachs-initiates-broad-auto-coverage-alphabet-secures-nato-ai-cloud-deal\/56350\/","title":{"rendered":"European Gas Prices Hit 18-Month Low; Goldman Sachs Initiates Broad Auto Coverage; Alphabet Secures NATO AI Cloud Deal"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>European natural gas prices<\/strong> have plummeted below <strong>\u20ac30<\/strong> per megawatt-hour for the first time since May 2024, driven by milder weather forecasts and signals of de-escalation in the Ukraine conflict.<\/li>\n<li><strong>Goldman Sachs<\/strong> has initiated extensive coverage of the automotive sector, issuing <strong>&quot;Buy&quot; ratings<\/strong> for luxury brands <strong>Ferrari<\/strong> (<a href=\"\/stock\/RACE\">RACE<\/a>), <strong>BMW<\/strong> (<a href=\"\/stock\/BMW\">BMW<\/a>), and <strong>Mercedes-Benz Group Ag<\/strong> (<a href=\"\/stock\/MBG\">MBG<\/a>), with target prices of <strong>\u20ac391<\/strong> and <strong>\u20ac112<\/strong> for Ferrari and BMW respectively.<\/li>\n<li><strong>Alphabet Inc<\/strong> (<a href=\"\/stock\/GOOGL\">GOOGL<\/a>, <a href=\"\/stock\/GOOG\">GOOG<\/a>), through its <strong>Google Cloud<\/strong> division, has secured a <strong>multi-million dollar deal<\/strong> with <strong>NATO<\/strong> to provide AI-enabled sovereign cloud capabilities, enhancing the alliance&#39;s digital environment.<\/li>\n<li><strong>Switzerland&#39;s Non-Farm Payrolls<\/strong> for the third quarter remained stable at <strong>5.532 million<\/strong>, matching the previous quarter&#39;s figures.<\/li>\n<li><strong>South Korea&#39;s Finance Ministry<\/strong> announced forthcoming measures to support <strong>pension fund returns<\/strong> and ensure <strong>foreign exchange market stability<\/strong>.<\/li>\n<\/ul>\n<p>European natural gas futures have fallen below the <strong>\u20ac30\/MWh<\/strong> mark, reaching their lowest point since May 2024. This significant drop is attributed to <em>milder weather forecasts<\/em> reducing heating demand and <em>momentum towards peace talks<\/em> between Ukraine, the US, and Russia, which could potentially ease energy sanctions on Russia. The Dutch December TTF futures, a European benchmark, traded 3.1% lower at <strong>\u20ac30.20 per megawatt-hour<\/strong>.<\/p>\n<p>In the automotive sector, <strong>Goldman Sachs<\/strong> has launched new coverage on several prominent manufacturers. The investment bank initiated <strong>Ferrari<\/strong> (<a href=\"\/stock\/RACE\">RACE<\/a>) with a <strong>&quot;Buy&quot; rating<\/strong> and a target price of <strong>\u20ac391<\/strong>. Similarly, <strong>BMW<\/strong> (<a href=\"\/stock\/RACE\">BMW<\/a>) received a <strong>&quot;Buy&quot; rating<\/strong> with a target price of <strong>\u20ac112<\/strong>, and <strong>Mercedes-Benz Group Ag<\/strong> (<a href=\"\/stock\/MBG\">MBG<\/a>) also commenced with a <strong>&quot;Buy&quot; rating<\/strong>. <strong>Stellantis Nv<\/strong> (<a href=\"\/stock\/STLA\">STLA<\/a>) and <strong>Renault<\/strong> (<a href=\"\/stock\/RNO\">RNO<\/a>) were both initiated with a <strong>&quot;Neutral&quot; rating<\/strong>, carrying target prices of <strong>$10<\/strong> and <strong>\u20ac36<\/strong> respectively.<\/p>\n<p><strong>Alphabet Inc<\/strong> (<a href=\"\/stock\/GOOGL\">GOOGL<\/a>, <a href=\"\/stock\/GOOG\">GOOG<\/a>) has deepened its involvement in public sector technology, with <strong>Google Cloud<\/strong> signing a <strong>multi-million dollar deal<\/strong> with <strong>NATO<\/strong>. This agreement will provide <strong>NATO<\/strong> with <em>AI-enabled sovereign cloud capabilities<\/em>, which are designed to be highly secure and disconnected from the public internet, ensuring sensitive data remains under direct control.<\/p>\n<p>On the economic front, <strong>Switzerland&#39;s Non-Farm Payrolls<\/strong> for the third quarter of 2025 showed stability, holding at <strong>5.532 million<\/strong>, consistent with the previous quarter&#39;s figures. Meanwhile, <strong>South Korea&#39;s Finance Ministry<\/strong> announced its intention to implement measures aimed at improving <strong>pension fund returns<\/strong> and bolstering <strong>FX market stability<\/strong>. This comes as <strong>EU&#39;s Costa<\/strong> is set to host an informal meeting of <strong>EU leaders in Luanda<\/strong> to discuss Ukraine at 10:30 CET.<\/p>\n<p>Additionally, <strong>Norway&#39;s Credit Indicator Growth (Y\/Y)<\/strong> for October registered <strong>3.9%<\/strong>, a slight increase from the previously reported <strong>3.8%<\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways European natural gas prices have plummeted below \u20ac30 per megawatt-hour for the first time since May 2024, driven 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