1305 GMT - Utilities, chemicals, steel and cement stocks will benefit from an easing to Europe's flagship carbon-emissions regulations, analysts at Jefferies say. European Commission president Ursula von der Leyen said an upcoming review of the Emissions Trading System would result in some industries paying less for their carbon emissions than previously expected. Short-term reform will ease pressure on utilities stocks and energy-intensive sectors, the analysts say. However, the program won't be unwound completely, and carbon-reduction policies will remain in place over the long term, the analysts write. A basket of European construction stocks climb 1.6%, while utilities and chemicals gauges both rise by 0.5%. (josephmichael.stonor@wsj.com)
(END) Dow Jones Newswires
March 20, 2026 09:05 ET (13:05 GMT)
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