Waiting for the Fed

Apart from the continued increase in oil prices, the market is fairly calm. The Fed meeting ends today with its traditional press release and Mr. Powell press conference. The likelihood of a really big surprise is very low, but Fed members’ forecasts should nevertheless point to earlier monetary tightening than previously expected. The USD is stable, around 1.2120 vs the euro.

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September 10, 2021

Prices continued to rise

European gas prices extended gains yesterday, still supported by concerns on weak supply and low stock levels. Russian flows were slightly up, averaging 297 mm…
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