- Most indices from European economies gave preliminary indications that activity fell below 50 points in August
- PMI indices in the US also scored sharp declines. The services index falls to 44 points, but the industrial index remains slightly above 51 points
Start investing today or test a free demo
Create account Try a demo Download mobile app Download mobile app- New home sales in the US fall sharply to just over 500,000 for July, down more than 12% from June. In the U.S., there is talk that home prices may fall for the first time since 2012
- Oil continues its strong gains, despite recessionary signs around the world
- OPEC+ indicates that it may decide to cut production this year if a nuclear deal is reached
- According to CNN, Iran has dropped important demands in the nuclear agreement, which could lead to an increased likelihood of reaching it before the U.S. elections
- EURUSD returned to near parity, due to weakness in U.S. data during today's session
- The dollar lost more than 1% against Scandinavian currencies today
- Gold rose nearly 1% today to near $1,750 per ounce - We saw rather a lull on European trading floors, while in the U.S. a rebound was seen on the Nasdaq and Russell 2000. However, it is worth remembering yesterday's more than 2% declines on Wall Street
- Gas prices in Europe scored a slight decline today in view of the fact that Gazprom does not intend to suspend gas transmission from August 31 after all
Natural gas prices scored a sizable pullback in recent minutes via information released by Freeport. The LNG export terminal is not likely to be available until mid-November at the earliest, which is later than previously expected (October). This means that more gas will not flow to Europe, but will stay in the country. 
Earlier, it was also reported that Gazprom would not decide to review NS1 from 31.08-2.09. Source: xStation5
