European

China encourages elderly vaccination; Hong Kong closes 5% higher

European markets close slightly lower as traders monitor China’s Covid policy; HSBC up 5% on RBC deal

UK gilt market ‘not back to normal’, says BOE governor Britain’s gilt market is “not back to normal” after the Bank of England intervened on Sept. 28, according to Governor Andrew Bailey, who spoke to a committee of lawmakers on Tuesday. The governor said the bank did not want to buy pegged gilts, but “needed …

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European imports of Russian maritime gas hit record high

European imports of Russian maritime gas hit record high

Europe is importing a record amount of Russian gas transported by sea, showing how the region has not completely shaken off its dependence on the country for crucial fuel, even as flows through pipelines slow down. are practically stopped. Imports of Russian liquefied natural gas, which is usually transported on large tankers, increased by more …

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Hearing of the Committee on Economic and Monetary Affairs of the European Parliament

Hearing of the Committee on Economic and Monetary Affairs of the European Parliament

Speech by Christine Lagarde, President of the ECB, at the hearing of the Committee on Economic and Monetary Affairs of the European Parliament Brussels, 28 November 2022 Over the past 12 months, the ECB has embarked on a rapid and comprehensive process of monetary policy normalization. First, we ended net asset purchases within months. Then …

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European markets stagnate to end the winning week;  Credit Suisse shares at historic low

European markets stagnate to end the winning week; Credit Suisse shares at historic low

European markets muted but mark sixth week of gains Europe’s Stoxx 600 index closed flat on Friday, capping an upbeat week that saw it break a three-month high and secure a sixth week of gains. Major German and French stock exchanges were flat, with Britain’s FTSE 100 gaining 0.3%. Expectations of a slowdown in Federal …

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Qatar LNG

The European gas market will remain tight until at least 2024 | OilPrice.com

Large volumes of new LNG supplies are coming to market this decade, but none of the huge export capacities currently under construction will arrive in time to ease Europe’s tight gas market, either in 2023 or 2024. The United States and Qatar, the world’s main LNG exporters, will have plenty of new capacity after 2025, …

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European industry pivots to US as Biden grant sends 'dangerous signal'

European industry pivots to US as Biden grant sends ‘dangerous signal’

Northvolt, Europe’s great hope in the global battery wars, started life as a continent-centric start-up. From now on, the Swedish group, supported by Volkswagen, BMW and Goldman Sachs, is turning to the United States to develop its production. The reason for the pivot is the Inflation Reduction Act (IRA). Landmark U.S. green technology legislation, signed …

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An Advisor's Guide to the European Carbon Market with KraneShares

An Advisor’s Guide to the European Carbon Market with KraneShares

Europe’s energy crisis has largely eased for now and a decision is expected to be finalized within the next month on the RePowerEU initiative to wean Europe from dependence on Russian fossil fuels. Luke Oliver, Managing Director, Head of Climate Investments and Head of Strategy at KraneShares, offered advice mid-month in a recent article on …

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New England 'imports European prices' in looming gas supply crisis

New England ‘imports European prices’ in looming gas supply crisis

A European-style winter energy crisis is looming over New England in the northeastern United States, even as US producers of natural gas export record volumes and a wave of fuels crosses the Atlantic. Utility bosses in the region have called for emergency help from Washington in anticipation of a crisis, while lashing out at a …

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