War in Ukraine “will have consequences for growth”. This was stated by ECB President Christine Lagarde speaking at a conference of the Institut Montaigne in Paris.
THE POINT FROM THE MARKETS – The Milan Stock Exchange opens slightly down. The first Ftse Mib index drops 0.24% to 24,164 points. Oil prices open the week higher, ringing the third trading day with a plus sign. In fact, the repercussions of the war are also accompanied by a series of attacks on plants in Saudi Arabia. With increases of more than 3%, the WTI thus rose above 118 dollars and the European Brent exceeded 111 dollars a barrel. The price of gas in Europe starts down trading. In Amsterdam, prices drop by 2.9% to 102 euros per MWh. Meanwhile, orders for deliveries of Russian natural gas to Europe via the Nord Stream connection are on the rise, while flows through Ukraine remain stable. This was reported by the Bloomberg agency highlighting how flows from Nord Stream “should have an average of 61 GWh / h”.
Source: Ansa
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