Natural gas prices in Europe fluctuated on Monday as Russia’s decision not to cut flows via Ukraine countered concerns that cold weather could boost demand.
Shares slid while the dollar and Treasuries rose as growing unrest in China over Covid restrictions sent a shiver through global markets.
The Prime Minister is facing yet another rebellion on a key piece of legislation, proving yet again that the Conservative party cannot be tamed easily. Later today, Sunak will say the UK must plan its foreign policy for the long-term to match the strategies of other world powers such as Russia and China. Also, keep an eye on China where protests took place over the weekend.
Oil tumbled to the lowest level since December as a wave of unrest in China punished risk assets and clouded the outlook for energy demand, adding to stresses in an already-fragile global crude market.
The war in Ukraine is strengthening the role of Asia and the Middle East as the world’s main providers of fuels like diesel and gasoline that are crucial to the global economy.
{{ video.ContentPackages[0].ScheduleStartDateTime | fromNow }}
{{ currentStream.Desc }}