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Glonghui, May 25 — Spotify’s Investor Day showcased a product roadmap that exceeded expectations and a convincing financial framework. Wall Street analysts are generally optimistic about the company's ability to maintain growth and expand profit margins in the medium term. Deutsche Bank reiterated its “Buy” rating for Spotify, calling it a structural winner in the audio sector. Raymond James raised Spotify’s target price from $555 to $615, reaffirmed its “Outperform” rating, and noted that the product lineup announced at the event was richer than anticipated.

A spokesperson for the European Central Bank, Stournaras, stated that the closure of the Strait of Hormuz could have secondary effects on wages and the prices of goods and services.

Golden Ten Data reported on May 25 that as signs emerged of the US and Iran nearing an agreement to reopen the Strait of Hormuz, European natural gas prices declined. In early trading, the European benchmark Dutch TTF front-month contract fell 5.1% to 46.20 euros per megawatt-hour. While optimism around the agreement eased supply concerns, the TTF price drop also reduced Europe’s competitiveness in securing LNG resources compared to Asia. Analysts at ING Bank stated: "A fall in TTF prices is unlikely to help the European market attract LNG supplies, given the widening spread between JKM (Japan-Korea Marker, the Asian LNG benchmark) and TTF." This price drop comes at a sensitive time as Europe is rebuilding gas inventories for winter. Currently, the EU's natural gas storage facilities are filled to about 38%, significantly lower than the five-year average of 52% for the same period.