Package. The merger between psa and fiat in a move that could force more concessions from the auto giants a new designated driver. Replacing the head of vw brands as the automaker battles with unions over cost cutting plans saudi arabia will no longer cut Additional Oil they say demand is thriving. With we have no whatsoever for lack all of us in the whole World Oil Market have no stomach whatsoever for any type of laxityies. A warm welcome to street signs. European markets have been open about an hour now. It has already been a choppy session. We open in positive territory. Now the main benchmark is down 0. 4 yesterday, the main benchmark dropped 0. 3 what was remarkable was the fact we saw the final recession word enter the mix. Declaring the United States has officially entered a recession just as the nasdaq hit a new record high and raised all losses for 2020. Major difference for what we are seeing in Financial Markets and what we are seeing in the real economy. Begging the questi
The economy, pretty much at a dead stop until may, maybe longer. The market is looking to the other side of the virus problem and surely welcomes more financial help. However, stocks are ending the worst month since 2008 and the dow will open lower this morning, off maybe 140 points. Similar story for the s p and for the nasdaq. A down opening bell today. The price of oil, well, that remains at depression levels. This morning we are in the low 20 per barrel and the average price of gasoline, you got to look at this, the National Average gas price has dropped below 2 a gallon. 1. 99, thats your number this morning. The price is dropping about two cents a day but so what . Demand has cratered, the roads are empty, and few people are taking advantage of dirtcheap gas. Now, this caused a stir yesterday. The u. S. Navy hospital ship arrived in new york and was greeted by crowds of onlookers. They were breaking social distancing rules. Those people who were holed up in their apartments and h
Matt the coronavirus spreads stateside. New cases across the u. S. Including in new york city. President trump meets with pharma executive today as the global death toll passes 3000. The fed is in play. Policymakers stand ready to cut rates but doubted they can fully offset the virus in fact. Goldman sachs sees a 50 basis point reduction this month. Berlin reports its first case of the coronavirus. Italy seeks a wider deficit to pay for emergency economic measures as cases soar. We are under an hour away from cash trading in europe. You are getting 1 to 2 gains in futures, the ftse futures up. This is after the biggest route we have seen, we saw last week since 2008 for the broader stoxx 600 european index. Getting gains in the preachers in the u. S. Are not as sharp but we are 7. 5 hours away from the start of trading there. The nasdaq, down, many contracts rising this morning. What are you seeing . Money going into risk assets. That is the theme through the Asian Session and markets
More expensive and uncompetitive products construction of north stream to began last year as of november 29th seen more than 80 percent of the pipeline was built its launch a shuttle for 2020 the 2 lines of north stream and north stream 2 from russia to germany are currently bin laden and the baltic sea total capacity is expected to be 55000000000 cubic meters of gas play yet some of europes Biggest Energy firms are involved in construction of north stream to the pipeline it will pass through territorial waters and Economic Zones of the Russian Federation Finland Sweden denmark and germany according to the russian side the north stream 2 construction project complies with International Law and there is no legal basis for it suspension therefore it argues opponents of the project are using illegal tools that threaten the Global Economy moscow has repeatedly stated that north stream to is an absolutely commercial and competitive project germany has also repeated lists. That no stream to
To influence the sovereign decisions of europe we are holding negotiations with the United States meanwhile the german parliaments kmita chief on economy and energy told r. T. That the lane is ready to respond to any sanctions imposed by washington and the u. S. Is unhappy that we are not buying their gas they want to boost their own trade and thats why they are imposing sanctions on Companies Involved in building the pipeline firstly american liquefied natural gas is obtained through fracking which makes its unacceptable for germany secondly it is much more expensive than rushing gas the natural gas we get from russia is high in demand and due to falling production in europe demand has only increased so we plan to import more of it this is why north stream 2 is so important because russia of north stream 2 will be completed even if u. S. Sanctions are imposed on project participants that was announced by kremlin spokesperson to me trip is called he noted that the u. S. Actions violate