US Mortgage Applications Ease While HSBC Boosts European Stock Targets and Russia Trims Energy Forecasts
Newsquawk ·
The Mortgage Bankers Association reported that US mortgage applications dropped by 1.5 percent for the week ending September 18, improving from the prior contraction of 4.1 percent. In European equities, HSBC revised its 2026 year-end targets, elevating the Stoxx 600 index objective to 680 from 670 and raising the FTSE 100 index goal to 11,390 from 10,980. In the energy sector, Moscow adjusted its 2026 outlook by lowering natural gas production projections to 683.1 billion cubic meters from the previous 688.4 billion cubic meters, and reduced liquefied natural gas export forecasts to 35 million tonnes from 40.3 million tonnes.
AI 시장 분석
US mortgage applications fell 1.5% week-on-week, continuing their downward trend, while HSBC raised its 2026 price targets for the Stoxx 600 and FTSE 100. Russia lowered its 2026 natural gas production and LNG export forecasts, signaling reduced supply. These indicators simultaneously reflect a slowing housing market, improving long-term prospects for European equities, and factors reducing energy supply.
상승 영향
- Energy — Global supply reduction is expected due to downward revisions in Russia's 2026 natural gas production and LNG export forecasts, generating upward pressure on prices.
하락 영향
- Chemicals — Raw material and energy costs will rise due to decreased Russian natural gas and LNG supply, causing margin pressure and worsened profitability for chemical companies.
- Real Estate — US mortgage applications fell 1.5%, demonstrating continued softening in housing affordability and a contraction in loan demand.
DYAX 전담 분석
Concerns over global energy supply disruptions are growing as Russia's 2026 natural gas production forecast is revised down to 683.1 bcm and LNG exports to 35 million tons. This acts as upward pressure on energy prices for major importing regions like Europe, directly causing supply and demand instability in related commodity and energy sectors.
If future supply reductions lead to actual price increases, energy producers will benefit, but energy-intensive sectors such as chemicals and traditional manufacturing face concerns of deteriorating profitability due to cost burdens. Therefore, the trend of Russia's actual export volumes and Europe's procurement of alternative energy must be continuously monitored.
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