Forex News April 27, 2022
Germany?
Germany says it is closely coordinating with the EU on the Russian gas supply cut-off. So far, the German gas crisis team has not identified any gas supply bottlenecks. Concerned about the cessation of Russian gas supplies to partner countries?
Germany, on the other hand, is unlikely to be on the chopping block just yet, as it will be Russia’s ace card in this game of poker. However, given the circumstances, it will be critical to monitor developments in the coming days/weeks.
Equities?
? Stocks in Europe are a little more cautious to begin the day, Eurostoxx is flat, Germany DAX is up 0.1 percent & France CAC 40 is up 0.2 percent?
? UK FTSE +0.1%,Spain’s IBEX fell 0.1 percent.?
The more cautious mood here comes against the backdrop of a sharp drop in US equities yesterday, even though US futures are finding some temporary relief. The entire gas ‘blackmail’ by Russia is also not helping the general economic mood, contributing to declining consumer sentiment in both Germany and France to begin the new day.?