-
Policy
Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM POLICY: -
EM Policy
EM Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM EM POLICY: -
G10 Markets
G10 Markets
Real-time insight on key fixed income and fx markets.
Launch MNI PodcastsFixed IncomeFI Markets AnalysisCentral Bank PreviewsFI PiFixed Income Technical AnalysisUS$ Credit Supply PipelineGilt Week AheadGlobal IssuanceEurozoneUKUSDeep DiveGlobal Issuance CalendarsEZ/UK Bond Auction CalendarEZ/UK T-bill Auction CalendarUS Treasury Auction CalendarPolitical RiskMNI Political Risk AnalysisMNI Political Risk - US Daily BriefMNI Political Risk - The week AheadElection Previews -
Emerging Markets
Emerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
-
Commodities
Commodities
Real-time insight of oil & gas markets
-
Credit
Credit
Real time insight of credit markets
-
Data
-
Global Macro
Global Macro
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
Global MacroDM Central Bank PreviewsDM Central Bank ReviewsEM Central Bank PreviewsEM Central Bank ReviewsBalance Sheet AnalysisData AnalysisEurozone DataUK DataUS DataAPAC DataInflation InsightEmployment InsightGlobal IssuanceEurozoneUKUSDeep DiveGlobal Issuance Calendars EZ/UK Bond Auction Calendar EZ/UK T-bill Auction Calendar US Treasury Auction Calendar Chart Packs -
About Us
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
Real-time Actionable Insight
Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMid-Das Gas Summary: TTF Trends Lower on Weather
TTF front month is continuing the bearish trend and is easing back after a second vessel attack from Houthi rebels in the Red Sea offered some support to prices yesterday. Latest downside comes from an upward revision in temperatures with NW Europe seeing above-norm temperatures throughout December.
- TTF JAN 24 down -1.5% at 35.27€/MWh
- TTF Q1 24 down -1.5% at 35.53€/MWh
- TTF SUM 24 down -1.4% at 35.31€/MWh
- The TTF Summer 2024 discount to Summer 2025 continues to widen to the highest level since contract start, as front-curve bearishness has removed the risk premium for the summer, while above-average EU gas stock levels and recent below-norm storage withdrawals are limiting the need for high injections during next summer.
- Weather forecasts for NW Europe have been revised milder with the continent seeing above-normal temperatures throughout December.
- German natural gas consumption stood 2.6% below the 2018-2021 average last weeks, after rising 8.6% above the average in the week prior, driven by colder weather, Bnetza data showed.
- European natural gas storage was down to 90.9% full on Dec 12 according to GIE data compared to the seasonal five year average of 79.6% with warm weather driving smaller than normal withdrawals this week.
- Pipeline supplies into Europe from Norway are today up to 356.5mcm/d and still above the five-year average.
- European LNG sendout dipped slightly to 385mcm/d on 12 December, from 400mcm/d the day before. Imports remain below levels seen last year.
- US LNG exports are currently more profitable to Asia in January 2024, February 2024 and March 2024, after exports to Europe were more profitable in February and March the previous day, according to BNEF.
- LNG shippers are likely to engage in more destination swap deals for Asia-bound cargoes in 2024, to circumvent the congestion at the Panama Canal, according to BNEF.
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.