The energy, liquefied natural gas, and defense sectors in the United States rose in pre-market trading.
After reaching a trade agreement between the EU and the US, liquefied natural gas and defense stocks have risen in pre-market trading. According to the agreement, the EU has committed to purchasing a large amount of American energy products. US President Donald Trump stated that the EU has agreed to purchase $750 billion worth of American energy products, invest an additional $600 billion in the US on top of current spending, open up markets to the US with zero tariffs, and also buy a "substantial amount" of military equipment. The European Commission stated in another release: "The purchase of American energy products will diversify our supply sources and contribute to energy security in Europe." The statement also mentioned: "We will replace Russian natural gas and oil by buying a large amount of American liquefied natural gas, oil, and nuclear fuel." In pre-market trading, the trend of liquefied natural gas stocks was as follows: Cheniere Energy rose 9.6%, Global Energy rose 8.2%, and NextDecade rose 7.1%. Other energy giants worth noting include ExxonMobil rising 0.5%, Chevron rising 0.7%, and energy equipment and services stocks Halliburton, Schlumberger, and Baker Hughes. Michael Brown, Senior Research Strategist at StoneX Group, said: "The obvious winners include American defense companies and American energy stocks, considering that nearly $1 trillion will flow towards them." In addition, the performance of defense contractors and weapon manufacturers is also worth watching: Lockheed Martin rose 1.2%, Raytheon Technologies rose 0.9%, L3 Harris Technologies rose 0.5%, as well as Northrop Grumman and General Dynamics.
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