Prices strongly up after Russia cut supplies to Poland
European gas prices increased strongly yesterday after PGNiG, the state-controlled Polish company, said Russian gas supplies to Poland under its long-term contract with Gazprom were…
US equities had their best week since February last week. The dovish speeches of some Fed members and the deal about the infrastructure plan in the US fueled optimism. Yet, the Fed’s preferred measure of inflation reached its highest level since 1992 in May and the delta variant keeps on spreading in the UK. The USD rebounded after having weakened significantly on Friday: the EUR/USD exchange rate is trading around 1.1930 after a peak at 1.1975 on Friday.
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