Slight downward correction
European gas prices eased slightly yesterday as the bullish momentum fueled by President Putin’s announcement that Russia will seek payment in rubles for gas sold…
Join EnergyScan
Get more analysis and data with our Premium subscription
Ask for a free trial here
The dollar remained range-bound yesterday, as bond prices remained stable. Equities globally resumed their slow growth, lifted by tech stocks and the banking sector. The VIX rapidly plunged back to 16.2 points, as markets are pricing low at-the-money volatility for US indices. China’s June trade data showed a significant monthly expansion. exports in dollar terms grew by 32% y/y while imports grew by 36% y/y (accounting for the base effect of the yearly growth). German and French inflations in June were recorded at respectively 2.3% and 1.5%, slightly below consensus. Both peaked in May, a potential clue for the US inflation data, due at 2:30 pm, European time.