A strategist at Morgan Stanley said that the impact of gas price increases on European companies' profits may be lower than investors' expectations. Compared to the 2022 energy crisis, companies are less sensitive to energy and are more prepared to deal with it. The research team led by Marina Zavolok wrote that the industry, which accounts for 36% of the profit in the MSCH European Index, will face an upward risk due to rising energy prices; only 6% of the industry faces moderate downward pressure on profits. The energy, utilities and banking sectors were listed as the main beneficiaries. The bank expects the average price of TTF natural gas to be 85 euros/megawatt-hour this winter, and the price may exceed 100 euros/megawatt-hour; if Qatar's supply continues to be interrupted and the temperature is low in winter, the price increase will be even greater.

A strategist at Morgan Stanley said that the impact of gas price increases on European companies' profits may be lower than investors' expectations. Compared to the 2022 energy crisis, companies are less sensitive to energy and are more prepared to deal with it. The research team led by Marina Zavolok wrote that the industry, which accounts for 36% of the profit in the MSCH European Index, will face an upward risk due to rising energy prices; only 6% of the industry faces moderate downward pressure on profits. The energy, utilities and banking sectors were listed as the main beneficiaries. The bank expects the average price of TTF natural gas to be 85 euros/megawatt-hour this winter, and the price may exceed 100 euros/megawatt-hour; if Qatar's supply continues to be interrupted and the temperature is low in winter, the price increase will be even greater.