European benchmark natural gas prices fell to their lowest in a month amid hopes Vladimir Putin was losing leverage in his attempts to cause economic pain to the continent by Read more
Tag: European
European Heatwaves Boost Demand for Oil, IEA Says
By Will Horner Summer heatwaves in Europe and scarce supplies of pricey natural gas are boosting demand for oil as power stations look for alternative fuels to meet the surging Read more
Bavarian Nordic Gets European Approval for Monkeypox Vaccine
By Dominic Chopping Bavarian Nordic AS said Monday that its Imvanex smallpox vaccine has been approved for use against monkeypox by the European Commission. The approval follows last week’s positive Read more
European Central Bank lifts rates by half point as it delivers first hike in 11 years
The European Central Bank, responding to fears of runaway inflation, delivered its first rate hike in 11 years on Thursday — and made it a big one. The ECB announced Read more
European Central Bank hikes interest rates by 50 basis points, approves anti-fragmentation tool
The European Central Bank on Thursday lifted interest rates by 50 basis points, or half a percentage point, and approved a new tool designed to keep yields on bonds of Read more
10-year Treasury yield dips back below 3% as traders await European Central Bank decision
U.S. bond yields fell on Wednesday, sending the 10-year back below 3%, as market volatility eased ahead of the European Central Bank’s rate hike decision on Thursday and next week’s Read more
European Union proposes 15% reduction in gas use amid Russia threats
European Union proposes 15% reduction in gas use amid Russia threats
Here’s what’s at stake if Russia doesn’t get a key European gas pipeline back up and running this week
Investors will soon find out whether the world’s largest subsea pipeline, all 759 miles of it sitting under the Baltic Sea, will save Europe from a potentially devastating winter. The Read more
Nomura forecasts a European Central Bank rate cut — before the ECB has even begun its rate-hike cycle
What goes up, must come down. In a new post on the global economic outlook, economists at Japanese bank Nomura forecast the European Central Bank will make an interest rate Read more
European gas futures slip but traders remain wary of Russia’s intentions
European natural-gas prices nudged lower on Monday, but traders remained wary that Russia planned to further restrict flows to a market already reeling from inadequate supply. The August contract for Read more