CORRECTED-MNI: Fed's Hammack-Near Or At Time To Slow Rate Cuts

MNI BRIEF: Fed's Goolsbee Sees Rates Fair Bit Lower In A Year

CANADA JOBLESS RATE +6.8% VS FORECAST +6.6%, PRIOR +6.5%

MNI China Daily Summary: Friday, December 6

MNI: PBOC Net Drains CNY288.1 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Lower At 7.1848 Fri; -1.64% Y/Y

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT PRELIMINARY DEC INDEX 74.0

CANADA NOV IVEY PURCHASING MANAGERS INDEX 52.3 SA

EZ/UK Bond Supply Calendar: Austria, UK Auction on Tuesday

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

TTF Continues Pull Back Before EU Meeting Tomorrow

NATURAL GAS

TTF front month this morning traded below 200€/MWh for the first time since early August as the gas market continues to pull back from the recent peak of 280€/MWh at the start of the week.

    • TTF OCT 22 down -4.6% at 204€/MWh
    • TTF WIN 22 down -5% at 207.1€/MWh
    • TTF SUM 23 down -5.4% at 184.49€/MWh
  • EU energy minsters are considering possible intervention measures in reaction to the surging energy prices. A ministerial meeting to discuss the energy crisis, possible electricity and gas price caps and liquidity measures is due to take place on Friday.
  • Hopes are that winter demand can be met with increasing LNG supplies and demand reduction measures. The first new FSRU vessels into Europe have arrived in a Dutch port to be ready ahead of the winter season.
  • Supply from Norway is curtailed at 250.5mcm/d due to maintenance while gas transit via Ukraine is steady at 42.4mcm/d.
  • European gas storage levels are still increasing despite the missing Nord Stream supply with the overall EU up to 82.52% full.
Energy BulletsCommodities
Energy BulletsCommodities

To read the full story

Close

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.