The euro hit its lowest level since December 2022. On Monday at 7:56 am, the currency fell 0.70% to hit $0.9884 on Monday at 7:56 am Since the beginning of the year, it has continued to weakening against the dollar.
The Russian giant Gazprom announced this Friday that the Nord Stream gas pipeline, which was to resume service on Saturday after maintenance, will finally be “completely” stopped until the repair of a turbine in this vital gas pipeline for the supply of Europeans. The closure is considered, from a technical point of view, unjustified by the turbine manufacturer Siemens Energy.
Having come close to its all-time high of 345 euros per megawatt hour on August 26, set in March at the start of the war in Ukraine, the price of European natural gas had fallen by more than a third in a week last week. Trading resumes Monday at 8 am
Furthermore, European stocks were expected to fall sharply at the open, according to the first available indications.
Source: BFM TV
