Citigroup says Apple’s reported interest in ChangXin Memory could shift the firm from a China-focused substitute story to a credible global fourth-largest DRAM manufacturer, and expects the news to be positive for ChangXin and its supply chain, including equipment vendors and OSATs.

INVESCO said in a Monday survey that sovereign wealth funds and central banks managing $29 tln are reallocating toward energy assets and expressing concern about the dollar, reflecting portfolio reassessments driven by unprecedented geopolitical shifts. The survey of 90 sovereign wealth funds and 54 central banks found that amid trade tariffs, waterway closures and conflicts in Ukraine and the Middle East, investors are prioritizing diversification and portfolios able to withstand shocks and remain broadly stable. About 80% of respondents said energy security and energy-transition infrastructure are the most reliable ways to boost portfolio resilience; INVESCO said infrastructure will account for 9% of sovereign wealth fund assets by 2026. INVESCO noted that demand for energy-intensive AI infrastructure is increasing the appeal of such assets. INVESCO research head Benjamin Jones said resilience is becoming a requirement rather than a luxury.

Wood Mackenzie forecasts EU gas storage will finish the key refill season (typically Apr–Oct) at about 76 pct full, the lowest peak since 2011, increasing risk of higher gas prices for businesses and households this winter. Supply shortfalls reflect Middle East conflict disruptions to LNG shipments through the Strait of Hormuz and production declines in Qatar and the UAE. EU storage began the refill season unusually low at 28 pct after a cold winter; Gas Infrastructure Europe (GIE) data show average storage currently around 48 pct.