September 5 2022 🕓 3 min
EUR/USD drops to fresh 20-year lows
This week's economic calendar is relatively light with only a handful of data releases to contend with. The focus will be on the Thursday's ECB decision.
Tag: europe
August 31 2022 🕓 4 min
Electricity prices in Europe exploded above 1,000 euros
While oil and gas prices made headlines in the last months, electricity in Europe is causing many headaches as it surges to all-time highs.
August 31 2022 🕓 3 min
Electricity prices on the German stock exchange fall
The price of electricity on the German stock exchange is falling amid signs that the EU is stepping up efforts to ease the energy crisis.
August 28 2022 🕓 2 min
Germany fills gas storage tanks above the plan
It is more than 82% full. This gives hope to German industry and households that there might not be an acute gas shortage in winter.
August 26 2022 🕓 3 min
Europe’s fertilizer situation is worsening
Fertilizer production is heavily dependent on gas. It is now scarce and expensive, so the situation for fertilizer production is worsening.
August 22 2022 🕓 6 min
Weekly macro report – European risks and opportunities
The European market is getting hit, mainly impacted by the surge in energy prices, which is reflected in inflation & possible recession.
August 20 2022 🕓 2 min
Gazprom will shut down Nord Stream 1 again
This time the main pipeline will be closed for 3 days. This is another inconvenience for the whole of Europe, especially Germany.
August 19 2022 🕓 2 min
Germany to cut VAT on natural gas from 19% to 7%
The reason for this move is that the German government wants to help consumers at a time when energy is hitting its highs.
August 14 2022 🕓 2 min
Spain plans new gas pipeline link with France
This new link could be operational as early as next spring. It depends on how they reach an agreement with France and other countries.
August 11 2022 🕓 2 min
EU is officially without Russian coal
The ban on imports of Russian coal, agreed in April as part of the fifth package of anti-Russian sanctions, came into full force in the EU.
August 5 2022 🕓 2 min
Allianz’s net profit down 23% in the Q2
This was partly due to a restructuring charge of around €140 million to wind down part of its US business, which has been linked to fraud.
July 26 2022 🕓 2 min
Volkswagen investors are concerned about the new CEO
Volkswagen carmaker investors are having doubts over the plan to make Oliver Blume the new CEO of the Volkswagen Group.