Chinese factories and economists warn over threat of Trump tariffs to start new year – business live
Live, rolling coverage of business, economics and financial markets as 2025 starts with trepidation over new US administration’s trade policiesEuropean gas prices have risen as traders wait to see if Ukraine’s move to cut off Russian gas will prompt a quicker drawdown of stores.Bloomberg News reported that benchmark front-month European gas prices rose as much as 4.3% to €51 a megawatt-hour, the highest since October 2023.Now it’s worth bearing in mind that prices are still well beneath their levels seen throughout the entirety of 2022, but European gas storage ended 2024 at its lowest year-end level in three years, and the recent increase in prices is set to add further to inflationary pressures. Continue reading...
admin
0
19
Live, rolling coverage of business, economics and financial markets as 2025 starts with trepidation over new US administration’s trade policies
European gas prices have risen as traders wait to see if Ukraine’s move to cut off Russian gas will prompt a quicker drawdown of stores.
Bloomberg News reported that benchmark front-month European gas prices rose as much as 4.3% to €51 a megawatt-hour, the highest since October 2023.
Now it’s worth bearing in mind that prices are still well beneath their levels seen throughout the entirety of 2022, but European gas storage ended 2024 at its lowest year-end level in three years, and the recent increase in prices is set to add further to inflationary pressures.
Continue reading...
