European natural gas prices fell during Monday’s trading after two consecutive days of gains, as unusually warm weather curbed demand and eased concerns about a winter supply shortage. Higher temperatures above normal delayed the build-up of gas demand in the European region, allowing storage sites that were already more full …
Read More »The French economy witness anemic growth in Q3, and inflation is at a record high
The French economy posted anemic growth in the third quarter, household spending weakened and a massive jump in inflation in October signaled headwinds looming in the fourth quarter. Preliminary data from the National Institute of Statistics and Economic Studies showed that the economy grew by 0.2% in the July-September period, …
Read More »German parliament approves 200 billion euros in funding to tackle energy crisis
The German parliament on Friday approved the government’s 200 billion euro ($195 billion) rescue package to protect businesses and households from rising energy prices. Parliament also voted earlier to suspend the so-called “debt brake” in the country.
Read More »WTI trades higher on several factors
WTI futures are trading higher for the second consecutive day on Thursday, to depart the last two weeks’ downtrend. WTI crude has extended its recovery from Tuesday’s lows at $82.15 to session highs at $87.10 before retreating around $86.00 zone. The American crude is trading at $84.47 per barrel at …
Read More »Market Drivers – US Session 19/10/2022
The negative market mood erased Tuesday’s relative optimism. This sentiment has benefited the American Dollar on Wednesday, which extended its latest rally against major rival currencies.The trading day witnessed the release of fresh inflation reports that reminded traders of the high risk of a looming global recession.The EUR/USD pair finished …
Read More »Gas prices fall in Europe amid weak demand and mild weather
Wholesale gas prices fell in the Netherlands and Britain on Tuesday, affected by lower demand due to warmer-than-normal weather and ample supply amid stable liquefied natural gas shipments. The Dutch gas contract for the month of the nearest maturity for the fifth consecutive trading day fell 13.50 euros to 116.50 …
Read More »Germany starts receiving gas directly from France
French gas pipeline operator GRTgaz said on Thursday that Germany received its first direct deliveries of gas from France via a pipeline link, under an agreement aimed at helping the two countries deal with current energy supply problems. France is less dependent on Russian imports from Germany because it gets …
Read More »Annual inflation in Germany rose to its highest level in its history in September
Inflation in Germany rose for the month of September of 2022 to record 10%, in line with expectations, to be at its highest levels in its history. The annual inflation in Germany was 7.9% in August of this year. This high inflation rate, the highest rate ever, highlights the impact …
Read More »Germany rejects supporting joint EU debt amid energy crisis
Germany has no plans to back a joint European Union debt issuance according to a government source. This statement comes to reject prior news from the European session, so, according to the source, Germany does not support joint EU debt to encounter the looming energy crisis.The government source told Reuters …
Read More »Germany endorses EU loans to mitigate energy crisis
On Monday, Germany greed to support joint EU debt in order to encounter the continent’s energy crisis. Last Tuesday, European Economic Commissioner Paolo Gentiloni and Internal Market Commissioner Thierry Breton called for joint borrowing to finance the necessary response to the energy crisis in the Eurozone.German Finance Minister Christian Lindner, …
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