
European Gas Jumps After Attack on Key Russian Transit Point
European natural gas prices jumped after an attack on a pumping station in Russia's Kursk region, which formed part of a link that until recently sent fuel to Europe.
Benchmark futures rose as much as 6.2% in early trading on Friday. Ukraine's General Staff of the Armed Forces confirmed the Sudzha gas metering station was shelled, but said it was Russians who struck the facility, pointing to previous instances in which Russia appeared to send soldiers through a disused natural gas pipeline.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
35 minutes ago
- Yahoo
Global Market's Top 3 Stocks That Could Be Undervalued In June 2025
As global markets navigate a mixed economic landscape, with U.S. stocks climbing for the second consecutive week and European indices buoyed by easing monetary policies, investors are keenly observing the potential impacts of trade tensions and labor market shifts. Amid these developments, identifying undervalued stocks can be particularly appealing as they may offer opportunities for growth when market conditions are uncertain. Name Current Price Fair Value (Est) Discount (Est) Wanguo Gold Group (SEHK:3939) HK$30.70 HK$61.36 50% Sparebank 68° Nord (OB:SB68) NOK179.38 NOK357.46 49.8% Sahara International Petrochemical (SASE:2310) SAR18.98 SAR37.71 49.7% PixArt Imaging (TPEX:3227) NT$220.00 NT$436.00 49.5% Montana Aerospace (SWX:AERO) CHF19.50 CHF38.68 49.6% Good Will Instrument (TWSE:2423) NT$44.30 NT$87.18 49.2% Exsitec Holding (OM:EXS) SEK128.50 SEK254.56 49.5% doValue (BIT:DOV) €2.258 €4.45 49.3% Airbus (ENXTPA:AIR) €163.92 €325.62 49.7% ABO Energy GmbH KGaA (XTRA:AB9) €36.70 €72.88 49.6% Click here to see the full list of 495 stocks from our Undervalued Global Stocks Based On Cash Flows screener. Let's review some notable picks from our screened stocks. Overview: SILICON2 Co., Ltd. is involved in the global distribution of cosmetics products and has a market cap of ₩3.40 billion. Operations: The company generates revenue primarily through its wholesale miscellaneous segment, which amounts to ₩787.27 million. Estimated Discount To Fair Value: 41.1% SILICON2 is trading at ₩61,800, significantly below its estimated fair value of ₩104,926.19, suggesting it may be undervalued based on cash flows. Despite high volatility in recent months, the company reported strong earnings growth of 134.2% over the past year and forecasts revenue and earnings growth above 20% annually. Recent results showed net income rising to KRW 38,785 million from KRW 25,535.55 million a year ago with improved earnings per share figures. The analysis detailed in our SILICON2 growth report hints at robust future financial performance. Click here and access our complete balance sheet health report to understand the dynamics of SILICON2. Overview: Qingdao Baheal Medical INC. is involved in the research, development, production, and sale of pharmaceutical products with a market cap of approximately CN¥11.10 billion. Operations: The company's revenue is derived from its activities in research, development, production, and sale of pharmaceutical products. Estimated Discount To Fair Value: 15.2% Qingdao Baheal Medical is trading at CNY 23.29, below its estimated fair value of CNY 27.46, indicating potential undervaluation based on cash flows. Despite a slight decline in recent sales and net income compared to the previous year, earnings are projected to grow significantly over the next three years. The company recently affirmed a dividend distribution plan for 2024, reflecting stable shareholder returns amidst moderate revenue growth expectations above the Chinese market average. Our growth report here indicates Qingdao Baheal Medical may be poised for an improving outlook. Click to explore a detailed breakdown of our findings in Qingdao Baheal Medical's balance sheet health report. Overview: Fositek Corp. operates in the manufacture and wholesale of electronic materials and components, with a market cap of NT$47.58 billion. Operations: The company's revenue primarily comes from its Electronic Components & Parts segment, generating NT$8.73 billion. Estimated Discount To Fair Value: 47% Fositek is trading at NT$762, significantly below its estimated fair value of NT$1,437.14, highlighting potential undervaluation based on cash flows. The company reported strong first-quarter earnings with net income rising to TWD 356.5 million from TWD 223.95 million year-over-year. Earnings are projected to grow substantially at 33.9% annually over the next three years, outpacing Taiwan's market average growth rates despite recent share price volatility and changes in company bylaws. The growth report we've compiled suggests that Fositek's future prospects could be on the up. Delve into the full analysis health report here for a deeper understanding of Fositek. Investigate our full lineup of 495 Undervalued Global Stocks Based On Cash Flows right here. Are any of these part of your asset mix? Tap into the analytical power of Simply Wall St's portfolio to get a 360-degree view on how they're shaping up. Discover a world of investment opportunities with Simply Wall St's free app and access unparalleled stock analysis across all markets. Explore high-performing small cap companies that haven't yet garnered significant analyst attention. Diversify your portfolio with solid dividend payers offering reliable income streams to weather potential market turbulence. Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include KOSDAQ:A257720 SZSE:301015 and TWSE:6805. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data


Axios
an hour ago
- Axios
U.S. races to break China's hold on rare earth magnets
While U.S. trade negotiators work to ease an immediate shortage of rare earth magnets from China, the Trump administration is scrambling to line up viable alternatives that would reduce America's reliance on its chief economic rival. Why it matters: Small-but-powerful rare earth magnets are essential to high-tech products, from cars and robots to electronics and weapons. But China controls 90% of the world's supply of the critical components. The contentious trade relationship between the U.S. and China has amplified the economic and security risks of that reliance. Global automakers are "in full panic" that China's limits on rare earth exports will trigger supply chain shocks like the pandemic-related semiconductor shortages that occurred in 2021 and 2022. The big picture: It's not a new problem. U.S. officials have been talking about the need to mitigate American dependence on China for years. China also dominates processing of metals like lithium, cobalt, nickel and graphite used in batteries. The latest: U.S. and Chinese officials met Monday and Tuesday in London to try to iron out their trade issues, amid reports that China was willing to expedite export licenses for U.S. and European automakers if the U.S. loosened export controls on jet engine parts and software. Late Tuesday both sides said they'd reached a framework of a deal, pending approval from both countries' leaders, that would in theory resolve the most recent export issues. Yes, but: There's still an urgency to find alternative sources. President Trump in April called for an investigation into national security risks posed by U.S. reliance on imported processed critical minerals, including rare earth elements. He has also used a series of executive orders to try to bolster domestic supply chains, like fast-tracking environmental reviews for U.S. mining projects. In Congress, meanwhile, rare earth competition with China has galvanized both parties. A spate of bills would create a tax credit for production of high-performance rare earth magnets, use Defense Production Act authority to direct emergency funding, and establish an Energy Department program to finance minerals projects. Two Republicans and two Democrats are pressing legislation that allows the president to strike free trade agreements exclusively focused on critical minerals and rare earth elements. "There is fairly broad bipartisan support around becoming more resilient, especially in areas that invoke national security — and this is clearly one of them," Sen. Todd Young, an Indiana Republican leading that bill, told Axios last month. Zoom in: One deal that's getting a lot of attention is a potential partnership between California-based MP Materials and Saudi Arabia's flagship mining company, Maaden. The deal was inked in May on the sidelines of the U.S.-Saudi Investment Forum, coinciding with a broader agreement between the U.S. and Saudi Arabia to cooperate on energy and critical minerals. MP Materials operates California's Mountain Pass, the only rare-earths mine in the U.S., which produces 12% of the global supply. At maximum production, Mountain Pass could yield enough rare earths to supply more than 6 million electric vehicles, the company says. But the bottleneck is magnets, which MP Materials is just beginning to produce. Maaden, a fast-growing, government-controlled mining company, is developing mines for a variety of critical minerals, but doesn't produce rare earths today. What to watch: Together, the companies seek to jointly develop a vertically integrated rare earths supply chain in Saudi Arabia—mining, separation, refining and magnet production—for global consumption. Zoning and environmental regulations in the U.S. make it hard to open a rare earth mine, but Saudi Arabia moves more quickly and is anxious to wean its economy off of oil. Saudi expertise in petrochemical refining can be leveraged for minerals processing, while MP brings experience across the entire rare earths supply chain, including mining, refining and magnet production. Reality check: The preliminary deal is non-binding, so it could still fall apart.


Business of Fashion
an hour ago
- Business of Fashion
French Senate Backs Law to Curb Ultra Fast-Fashion
France's Senate approved a revised version of a law regulating fast fashion on Tuesday, which if implemented would ban advertising by fast-growing Chinese e-commerce platforms like Shein and Temu. Senators in the upper house of parliament voted almost unanimously for a modified version of a bill passed by France's lower house last year, which aims to reduce the environmental impact of the textile industry. Critics say the low-priced garments produced by fast-fashion chains drive excessive consumption and waste, exacerbating the textile sector's impact on the environment. An amended version of the bill distinguishes between 'ultra' fast fashion and 'classic' fast fashion, however, imposing less onerous restrictions on European fast-fashion players like Zara and Kiabi, but drawing criticism from environmental groups. The 'clarifications (made by the Senate) make it possible to target players who ignore environmental, social, and economic realities, notably Shein and Temu, without penalising the European ready-to-wear sector,' said Jean-Francois Longeot, chair of the Senate's Committee on Regional Planning and Sustainable Development. 'Shein is not a fast fashion company,' said the Chinese firm in a statement in response to the vote, adding that its model was 'part of the solution, not the problem'. Faced with competition from very low-priced products, several French brands are experiencing significant difficulties, such as Jennyfer, which went into liquidation at the end of April, and NafNaf, which has been in receivership since May. The law would also introduce penalties for both fast and ultra fast-fashion companies if they don't meet certain environmental criteria, reaching at least 10 euros per item of clothing by 2030, or up to 50 percent of the product's price excluding tax. The government needs to notify the European Commission of the vote, and will then need to set up a joint committee to reach a compromise between the Senate and lower house versions of the law before it is implemented. By Florence Loeve; Editors: Dominique Patton and Mark Potter Learn more: Tariffs Won't Kill Fast Fashion, But They Might Kill Sustainable Fashion Some have hailed America's escalating trade war as a means to finally curb overconsumption of cheap goods. Instead, the economic hardship its likely to bring on will eviscerate efforts to transform the industry for the better, writes Kenneth P. Pucker.