European prices extended gains, tracking Asian prices
European gas prices extended gains yesterday on the back of ongoing tight fundamentals, as reflected by the weak levels of net storage injections (and stocks).…
Purchasing managers’ indices continue to be close or at historical highs in the manufacturing industry, pointing to strong growth in this sector. The small decline in the US ISM only shows that activity has ceased to accelerate in April. Bond yields are marginally down and the USD is rather stable: the EUR/USD exchange rate is trading in a narrow range around 1.2030.
Get more analysis and data with our Premium subscription
Ask for a free trial here