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BREAKING: DE30 surges as gas supplies through Nord Stream may be partially resumed

4:07 PM 19 July 2022

According to two unnamed sources cited by Reuters, Gazprom will partially resume gas transfers via Nord Stream 1 on Thursday after the completion of scheduled maintenance. If such information turns out to be true, it could positively affect the valuation of European assets. It is worth recalling that even before the maintenance works, gas exports to Germany were reduced by approx. 60%.

Source: Bloomberg

German DE30 index gained sharply after information about possible resumption of gas supplies. The German benchmark broke above the downward trendline (red, dashed line). Source: xStation 5

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