It is now widely accepted by climate scientists we are in an el nino weather phase (only conjecture now is whether this natural phenomenon is a below average, average, or above average el nino, re its effects).
Around many parts of Europe, Asia, & USA, well above average temps. are currently being recorded.
dw.com (Germany) 17.7.23 B. Javed said
"Scorching temperatures have gripped parts of Asia, North America and Europe. In the US, heat warnings and advisories are in place for nearly a quarter of the population. Authorities in Japan have issued heatstroke alerts, and next week could bring the hottest temperatures ever recorded in Europe".
https://www.dw.com/en/dangerous-heat-waves-hit-parts-of-asia-us-and-europe/video-66251132
I assume air cons will now be having massive usage= higher energy demand= higher gas & coal prices (due to power stations' greater output).
I expect gas & coal prices to rise in the next few weeks (but when will the big fossil fuel stock piles be diminished?)
If not, I will reconsider my investment thesis for WHC. I assume the keenly anticipated good WHC dividend- ex date c.1.9?- would usually add buying pressure to WHC SP, from c.1.8.
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1 | 50000 | 8.940 |
3 | 17367 | 8.930 |
4 | 60631 | 8.920 |
7 | 28207 | 8.910 |
Price($) | Vol. | No. |
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8.970 | 14961 | 3 |
8.980 | 50000 | 1 |
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