The latest Market Talks covering Energy markets. Published exclusively on Dow Jones Newswires throughout the day.

0724 GMT - European stock indexes are in green across the board, as banks and AI-linked stocks recoup some of the week's losses. The Europe-wide Stoxx 600 is 0.4% higher. London's FTSE 100 adds 0.35%, led by housebuilder Barratt Redrow--up 6.15% after earnings. Miners also gain as metals prices increase. In Paris, the French CAC 40 nudges up 0.2%. Chip maker STMicroelectronics leads the index, gaining 1.75%, though software group Capgemini falls back 1.5%. Luxuries also falter--Hermes loses 0.85%. The German DAX adds 0.35%, led by AI-linked industrials group Hochtief--up 3.5%. Italy's FTSE MIB and Spain's IBEX 35 both rise by around 0.5%. The Dutch AEX rises 0.3% as ASML jumps 2.25%.(josephmichael.stonor@wsj.com)

0724 GMT - Gold rises as oil prices and Treasury yields ease ahead of the Federal Reserve's interest-rate announcement due later Wednesday. The slight fall in oil prices has helped allay some energy-driven inflation concerns but not enough to quell expectations the Fed will hike rates. Noninterest-yielding gold also got a boost as 10-year and two-year Treasury yields edged lower. "The Fed's guidance will be critical for gold, with a more hawkish signal likely to sustain pressure through higher yields, while a less aggressive tightening path could allow gold to regain support from geopolitical uncertainty and portfolio-hedging demand," MUFG's Soojin Kim writes. New York gold futures rise 0.8% to $4,366.40 a troy ounce. (adam.whittaker@wsj.com)

0659 GMT - Oil prices fall in early European trade after a surge triggered by mounting supply concerns eases. "The pullback followed signs that the rally had become technically stretched," MUFG's Soojin Kim writes. Data from the American Petroleum Institute showed U.S. inventories rose by 7.1 million barrels last week and helped alleviate some immediate supply worries. "Although rising U.S. inventories may temper the immediate rally, persistent disruptions to Saudi supply and risks across both [the Strait of] Hormuz and the Red Sea should keep the oil market tight and prices volatile," she adds. Brent falls 0.5% to $108.25 a barrel while WTI falls nearly 1% to $104.85 a barrel. (adam.whittaker@wsj.com)

0525 GMT - Nippon Steel's plan to build an electric arc furnace at its Slovakian plant is a step forward in its efforts to lower carbon dioxide emissions. The Japanese company is investing about 900 million euros at its Slovakian operating unit to build an electric arc furnace and an air separation unit. The Slovakian unit is the Japanese company's biggest production hub in Europe. The new furnace would have an annual production capacity of about 1.6 million tons. While blast furnaces use coal-based fuel and are a major source of industrial CO2 emissions, electric arc furnaces melt recycled steel, resulting in lower carbon emissions. Nippon Steel aims to lower CO2 emissions by 30% in 2030, compared with 2013 levels. (kosaku.narioka@wsj.com; @kosakunarioka)

0516 GMT - The market underappreciates Newmont's recent deal with Barrick on its Fourmile project, according to UBS. Newmont has performed broadly in line with senior gold peers--excluding Barrick--since the deal, despite a significant improvement in visibility on cash returns and implied growth in gold equivalent ounces per share, the bank says. "A potential large cash payment from NEM to Barrick to equalize the ownership of [Barrick's] Fourmile project in the Nevada JV had been the key overhang for NEM's investment case," says UBS. It has a buy rating on Newmont's Australian shares, with a price target of 210.00 Australian dollars. The stock is up 2.6% at A$175.20.