Prices extended losses
European gas prices dropped sharply yesterday, pressured by milder weather forecasts and expectations of higher LNG supply as the Asia-Europe gas spread has narrowed significantly.…
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At the same time, the rebound of the USD reflects both this nervousness, but also the possibility that the anticipated tightening of ECB policy will be lighter than expected.
Japanese GDP growth was revised from +0.3% to +0.5% q/q in Q2. The economic calendar is still light today. The euro is trading below USD 1.184.