The latest Market Talks covering the Auto and Transport sector. Published exclusively on Dow Jones Newswires at 4:20 ET, 12:20 ET and 16:50 ET.

0811 GMT - Continental's agreement to sell ContiTech has come in at the top end of the 3.5 billion-euro to 4 billion-euro range that was expected, JPMorgan analysts Jose M Asumendi and Piyush Singla write. The company has agreed to sell the unit to Lone Star Funds at an agreed enterprise value of 4 billion euros plus a potential performance-based component of up to 250 million euros in subsequent years. JPMorgan sees it as a positive step for investors, further focusing the group's attention on the tire division, allowing the stock's multiple to rerate as it delivers higher margins over the next 12 months. The bank rates Continental stock at overweight with a 78 euro price target. Shares fall 1.4% to 74.94 euros. (dominic.chopping@wsj.com)

0808 GMT - European natural-gas prices fall in early trading, with the benchmark Dutch TTF contract down 1.3% to 44.73 euros a megawatt-hour, but remain up more than 5% on the week. "The reopening of the Strait of Hormuz has reduced the risk of outright supply loss, but LNG shipping flows are recovering much more slowly than crude oil, leaving effective export capacity constrained well into 3Q," ANZ analysts say. At the same time, a strengthening El Niño is emerging as a major demand risk, with hotter weather and weaker hydroelectric generation expected to lift LNG consumption across Asia just as Gulf supply remains restricted. "The collision of delayed LNG trade normalization and stronger Asian demand is likely to intensify competition, leaving Europe vulnerable to lower storage levels and keeping global gas markets structurally tight," the analysts say.(giulia.petroni@wsj.com)

0734 GMT - SIA Engineering's investments in capacity and geographical expansion could bear fruit as more airline customers turn to the maintenance, repair and overhaul sector amid delays in new aircraft deliveries, says OCBC Group Research's Ada Lim. Supply and manpower constraints stemming from the pandemic, alongside competition for materials and talent from the defense sector are impacting new aircraft deliveries, the analyst says. More airline operators are thus likely to require MRO services to extend the lifespans of their current fleets. In particular, SIA Engineering could secure more opportunities from customers in India, given its association with Singapore Airlines, which has a stake in Air India, she says. SIA Engineering is OCBC's top aviation-linked pick. (megan.cheah@wsj.com)

0729 GMT - Oil prices fall on OPEC+'s decision to hike production and the continued recovery in shipping through the Strait of Hormuz. In early European trading, Brent crude is down 0.4% to $71.84 a barrel, while WTI futures edge 0.3% lower to $68.48 a barrel. "Brent and Dubai crude time spreads remained in contango, reflecting ample near-term supply, and Gulf producers are expected to lower official selling prices further to maintain competitiveness," says Soojin Kim from MUFG. Contango occurs when near-term futures prices are lower than longer-dated contract prices. Saudi Arabia's exports have surged close to prewar levels, while the United Arab Emirates is also restoring flows at a rapid pace, contributing to a looser physical market, according to analysts. (giulia.petroni@wsj.com)

0702 GMT - EasyJet shares are set to rise after the budget carrier agreed in principle to Castlelake's sweetened takeover offer, Citi analysts say in a research note. The latest proposal significantly increases the likelihood of a successful takeover, Citi says. Castlelake's fifth indicative offer, valuing easyJet at around $7 billion, has received a favorable initial response from the board. While the proposal remains conditional on regulatory approvals and other requirements, the deadline has been extended to Aug. 3. The analysts expect the shares to rise as investors assign a higher probability to the deal, noting that the previous share price implied only a roughly even chance of a takeover being completed. (nina.kienle@wsj.com)

0329 GMT - Robotaxis could eventually form a distributed mobility network instead of remaining confined to centralized deployments, Morgan Stanley analysts say in a note, projecting the global robotaxi fleet to reach around 2.5 million vehicles by 2035. The bank sees a $1 trillion market opportunity by 2040 and for unit economics to broadly reach breakeven by 2028 with scaled operations by 2030. The global robotaxi industry is entering a decisive phase, shifting from limited pilots to early commercialization, MS adds. Advances in artificial intelligence, falling hardware costs and improving regulatory clarity are enabling real-world deployment, with some operators already running fully driverless services around the clock in select cities. The key question for investors has moved beyond technological feasibility toward identifying which players can scale most efficiently and profitably, MS says. (jiahui.huang@wsj.com; @ivy_jiahuihuang)

(END) Dow Jones Newswires

July 06, 2026 04:20 ET (08:20 GMT)

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