S&P 500 — US Large Cap Index
FTSE 100 — UK Blue Chips
Euro Stoxx 50 — Eurozone Leaders
DAX 40 — German Equities
CAC 40 — French Market Index
Nikkei 225 — Japan Benchmark
Hang Seng — Hong Kong Index
Shanghai Composite — China Mainland
ASX 200 — Australian Market
TSX Composite — Canada Index
Nifty 50 — India Large Cap
STI Index — Singapore Market
KOSPI — South Korea Index
Bovespa — Brazil Equities
JSE Top 40 — South Africa Index
IPC Index — Mexico MarketEuropean Natural Gas prices fell sharply as forecasts pointed to warmer weather and strong LNG send-outs eased immediate supply concerns, ING’s commodity experts Ewa Manthey and Warren Patterson note.
Gas storage tightens even as prices fall
“European Natural Gas prices came under significant pressure yesterday, with TTF falling more than 5.5% over the day. While the weather in Europe has been colder than usual recently, forecasts indicate milder conditions later in the month. LNG send-outs have been seasonally strong, which will help ease any supply concerns in the market.”
“However, Gas storage has now fallen below 60%, well below the 5-year average of 73% full, which should limit further downside in the short term.”
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