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Story summary
- Investors are buying climate equities as extreme heat drives air-conditioning demand across Europe.
- Europe is under a second heat dome as France logs its hottest day for a second day.
- The heat wave links to a high-pressure system reinforced by atmospheric shifts tied to a developing El Niño.
- Red weather alerts were issued by European nations as temperatures surged, prompting Saint Gobain’s shares to rise 1% while Beijer Ref and NIBE Industrier posted gains.
