Markets welcome a new week full of European and American data.

Pressures continue and impose themselves on the European Central Bank
due to inflation approaching a record level,
according to surveys that indicate less than the 10% level,
at a time when the Central Bank is not seeking to tighten to raise interest rates further,
and expectations also indicated an increase in interest rates.
The consumer price index reached 9.7%,
and the markets are about to announce a very important report next Friday,
which is the inflation report for the eurozone after the announcement
of some reports issued by the three largest economies in the European continent,
in addition to an assessment of the sentiment of some companies in the region.

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Searching for a new stimulus for the ECB

Germany seeks to obtain gas and fuel from the Gulf in the context of diversifying energy sources.

Searching for a new stimulus for the ECB

Previously, the European Central Bank found an incentive
to move towards a tight monetary policy during the last two meetings.
Will the next decision lead to a further rise in interest rates by the Central Bank?
This is what will be announced in the next decision within a month,
and this comes in light of the presidential elections in Italy on Sunday,
which is the main focus of European Central President Chris Lagarde’s
speech at the testimony session tomorrow in Brussels.

US economic data

This week is witnessing a set of strong data that has a direct impact
on the American economy, which will end next Friday with the personal income
and spending report for August.
Very important in determining whether the pace of economic growth
in the third quarter of the year has made progress or not,
while income data shows insight into the financial strength of consumers,
it also includes a set of dialogues that will be exchanged between officials of
the Federal Reserve regarding the recent interest rate hike,
at a time when expectations indicate more hikes
to face the specter of persistent inflation.

Asia

After the Japanese central bank decides to stick to low-interest rates last week,
the focus is now on the government’s position in the face of the weak yen’s intervention,
while in China, the markets are awaiting the PMIs to assess the recovery and
whether there was a clear improvement in September or is it still in a faltering stage.

Germany seeks to obtain gas and fuel from the Gulf in the context of diversifying energy sources.

Germany’s plan to confront the gas and energy crisis with the advent of winter,
as well as suffering from the repercussions of the Russian war on Ukraine,
which increased the suffering of the largest economy in Europe,
so it seeks with all its energy to solve the problem from
its roots so as not to be under pressure again,
through diversifying energy sources In this context,
German Chancellor Olaf Scholz revealed that the talks between Germany
and the Arab Gulf states have reached advanced stages and
are approaching the final agreement for the purchase of gas.

Concerns for industrial companies in Europe

In light of this current energy crisis, giant industrial companies in Europe
have been suffering from a shortage of gas for months,
which in turn was reflected in production, which declined significantly,
and currently, the European dollar pays 7 times what the United States pays for gas,
and this reflects the weakness The European economy in the face of other economic
forces if the problem is not resolved as soon as possible,
and at the level of Germany, producer prices jumped in August by about 46%

Like Germany, Britain seeks to secure the long-term for its energy needs

Before the crisis reaches its full consequences with the advent of winter,
Britain is seeking to solve the gas shortage problem
by relying on American liquefied natural gas,
and this comes at a time when most European countries
are trying to store natural gas before winter,
and also diversify in energy sources, In the long run,
Britain’s problem is less because it does not depend on Russian gas imports,
but depends primarily on its domestic production,
in addition to its supplies from Norway.

And this has not yet been announced by governments about any quantities that
the United Kingdom wants, but at the same time it seeks to buy LNG in the United States,
provided that the process is done with a prior agreement on the port
and also that the shipment will be delivered to a specific buyer and
also be delivered in a position is determined before

artical name Markets welcome a new week full of data.

Markets welcome a new week full of data.

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