1410 GMT - The EU's apparent move to rule out aggressive intervention in energy markets is positive for utilities stocks in the region, analysts at Bank of America write. Suggested policies to soften the energy shock resulting from conflict in the Middle East appear to be measured, removing a tail risk for the sector, they say. Tax cuts for electricity use, direct targeted support for industries and an extension of free carbon permits are the most likely policy interventions, the analysts say. Any measures touching companies' profits won't leave them out of pocket, the analysts add. A basket of European utilities stocks rises 0.4% amid a broader rally in stocks. (josephmichael.stonor@wsj.com)
(END) Dow Jones Newswires
March 23, 2026 10:11 ET (14:11 GMT)
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