The US natural gas futures fell to $1.59/MMBtu, the lowest level since June 2020, after the EIA reported less than expected gas in storage. According to government data, US utilities pulled 49 billion cubic feet of natural gas from storage, less than the market's expectation of 67 billion cubic feet, as warmer-than-normal weather reduced heating demand. The report also showed that gas in storage was 15.9% above the seasonal norm.
On Thursday, Frankfurt's DAX (DE40) Index closed 0.6% above the record high of 17,047 amid a wave of positive corporate earnings and optimistic remarks from European Central Bank President Christine Lagarde. On Friday, the Nikkei 225 Index jumped 1.8% to surpass 38,800, reaching its highest level in 34 years and coming close to the record highs reached during Japan's economic bubble in the late 1980s. The Topix Index also rose 1.3 % to 2,625. The changes came a day after Japan lost its place as the world's third-largest economy to Germany and entered a technical recession
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On Thursday, Frankfurt's DAX (DE40) Index closed 0.6% above the record high of 17,047 amid a wave of positive corporate earnings and optimistic remarks from European Central Bank President Christine Lagarde. On Friday, the Nikkei 225 Index jumped 1.8% to surpass 38,800, reaching its highest level in 34 years and coming close to the record highs reached during Japan's economic bubble in the late 1980s. The Topix Index also rose 1.3 % to 2,625. The changes came a day after Japan lost its place as the world's third-largest economy to Germany and entered a technical recession
Happy trading hope this helped
Feel free to drop a comment on a market you like to be analyzed or any questions.
#2024