Reply To: Traders Market Weekly: Jobs and Central Bankers

#40793
TradersCom
Keymaster

The euro and German stock markets slumped after Russia’s Gazprom further curbed natural gas flows through the Nord Stream 1 pipeline

By cutting the pipeline from about 25% to 20% of capacity it means Germany will not have enough gas to supply its country this winter without cutting back demand. Gas market watchers say it will mean Berlin will have to invoke emergency programs that currently put the burden on industry to cut back first.

There is a widespread belief in markets that Russia is going to use natural gas as a key tool to achieve its aims in Ukraine.