J.P. Morgan
June 30, 2026
El Niño Tracking Dashboard
Weekly UpdateEquitiesCommoditiesConsumer DiscretionaryUtilities
This report monitors the impact of El Niño on global temperatures and its specific contribution to increased air conditioner demand in Europe. It highlights beneficiaries among Asian appliance manufacturers and power grid equipment providers.
Key Takeaways
- 1.Record European heatwaves linked to El Niño are driving a surge in air conditioner demand, notably for Midea models.
- 2.Average daily high temperatures across major European cities in June 2026 are 4–19% above the 2014–2025 average.
- 3.APAC manufacturers such as Samsung Electronics, LG Electronics, Midea, and Mitsubishi Electric are viewed as beneficiaries of current European demand.
Table of Contents
- El Niño
- Tracking Dashboard (Week 5 of Jun 2026); Heatwave drives surging AC demand in Europe
- El Niño News Updates: Heatwave drives a surge in AC demand in Europe
- El Niño Tracking Dashboard
- Analyst Certification
- Important Disclosures
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Authors
Alan HonDaqi JiaoHannah L Lee
Securities
000333.SZSamsung Electronics
Themes
El Niño Climate ImpactEnergy TransitionEuropean Heatwave
Regions
EuropeAsia PacificGermanySpainFrance