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European Gas Prices Down Amid Maintenance Extension

British and Dutch wholesale gas prices were down on Friday as a continued outage extension in Norway caused by maintenance work dampened the market outlook. While strikes have continued to rock the Australian LNG plants of Gorgon and Wheatstone, production has continued at the...

Money Markets Price 80% Chance of 25 BP Hike By ECB Before Year End

Investors are raising bets that the European Central Bank will continue to raise its interest rates for longer than was previously expected. The ECB is set to reconvene on Thursday for its September policy meeting. Money markets have priced a 45% chance that the...

Sterling Remains Steady Following Strong UK Wage Data

The sterling remained steady on Tuesday after an inflow of British job market data that showed that wage growth remained strong despite a weakening labor market. The British pound remained flat against the U.S. dollar at $1.2507, thereby sustaining its 0.35% growth from the...

China’s Consumer Prices Rise, Easing Economic Pressure

China's economic pressures eased in August as consumer prices rose, showing signs that the world's second-largest economy may have gotten over its worst post-pandemic economic slump. Data released by the National Bureau of Statistics on Saturday showed that China's consumer price index rose by 0.1%...

Oil Prices Expected To Surge Following Russian And Saudi Supply Cuts

Goldman Sachs has warned its clients that oil prices could skyrocket to $107 per barrel next year should Russia and Saudi Arabia continue to implement aggressive output cuts. This comes after the two nations announced that they would extend their production cuts until the...

Brazil’s Jobless Rate Hits Nine-Year Low

Brazil's unemployment rate for the three months ended July fell to 7.9%, data released on Thursday by statistics agency IBGE revealed. This is the lowest unemployment rate that Latin America's largest economy has experienced in this period over the past nine years. This drop in...