EU natural gas market strengthens on Ukraine transit ban – ING
Source Fxstreet
The European natural gas market has also strengthened with TTF briefly trading above EUR50/MWh, ING’s commodity analysts note.
EU gas storage can fall at a quicker pace
“Gazprom’s transit deal with Ukraine expired at the end of 2024 and as a result, Europe has lost around 15bcm of annual gas supply. However, this should be widely priced in, given that Ukraine made it clear for over a year that it did not intend to extend the transit deal.”
“Forecasts for colder weather in early January mean that gas storage could fall at a quicker pace, leaving storage to fall further below the five-year average. EU storage is 70% full, down from 85% last year and below the five-year average of 76%.”
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
As of Tuesday's Asian session (November 10), gold prices (XAUUSD) pulled back slightly today after surging on Monday, falling about 0.56% intraday to trade near $4,120. Earlier, gold rose
Nvidia fell 4.3% on a day the Nasdaq rose 2.7% — this is a governance discount, not an AI warningNvidia closed at $178.67 on November 9, down 4.27% with an intraday low of $170.24, while the Nasdaq rose 2.74% and the Philadelphia Semiconductor Index jumped 6.85%. Volume was roughly 2.5 times the prior session. The board opened an independent review after CEO Jensen Huang's public statement about his personal life. With Q3 earnings on November 17, the two levels that matter are $170.24 and $200."
Nvidia closed at $178.67 on November 9, down 4.27% with an intraday low of $170.24, while the Nasdaq rose 2.74% and the Philadelphia Semiconductor Index jumped 6.85%. Volume was roughly 2.5 times the prior session. The board opened an independent review after CEO Jensen Huang's public statement about his personal life. With Q3 earnings on November 17, the two levels that matter are $170.24 and $200."
China's factories are pricing in 5.7%. Its shoppers are pricing in 0.7%.China's October PPI rose 5.7% year on year, the fastest since June 2022, while CPI slowed to 0.7% and core CPI to 0.8%. Input prices rose faster than factory-gate prices, squeezing mid-stream margins by roughly five percentage points. The Hang Seng fell 0.13% on a day the S&P 500 rose 2.35%, the only major market to sit out the risk-on session.
China's October PPI rose 5.7% year on year, the fastest since June 2022, while CPI slowed to 0.7% and core CPI to 0.8%. Input prices rose faster than factory-gate prices, squeezing mid-stream margins by roughly five percentage points. The Hang Seng fell 0.13% on a day the S&P 500 rose 2.35%, the only major market to sit out the risk-on session.
US President Donald Trump says military action against Iran doesn't seem to be necessaryUS President Donald Trump said that further strikes on Iran wouldn’t be necessary, but the US remains “locked and loaded,” Bloomberg reported on Monday. Trump added that there is "positive momentum" towards an end to the Iran war.
US President Donald Trump said that further strikes on Iran wouldn’t be necessary, but the US remains “locked and loaded,” Bloomberg reported on Monday. Trump added that there is "positive momentum" towards an end to the Iran war.
Get the latest gold price analysis, forex gold insights, and XAU/USD analysis for November 10, 2026. Read on for the details.
