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 …
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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 …
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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 …
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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 …
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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 …
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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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European Union member states have agreed to cap the price of Russian oil as they seek to cut Kremlin revenues and punish Vladimir Putin for the Ukraine war. Ambassadors from 27 countries on Wednesday signed off on the proposed cap on the price of crude shipped to countries outside the …
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Data on Friday showed inflation in France unexpectedly slowed for the second consecutive month in September, deviating from the trend in its neighbor Germany and the broader eurozone, supported by a slowdown in the rise in energy and services prices. France’s annual inflation rate fell to 6.2 percent in September …
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The European Commission president, Ursula von der Leyen has promised to cap the price of Russian oil and impose further curbs on hi-tech trade, as part of the latest round of sanctions to “make the Kremlin pay” for the escalation of the war against Ukraine.Ursula von der Leyen said Russia …
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The general election in Italy could add some more trouble to Europe’s heap of existing troubles including the war in the east, the hot inflation and the looming energy crisis.Forecasts indicate that power in Italy could be driven to the far-right coalition led by Giorgia Meloni from “the Brothers of …
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