ECB to Finally Achieve Lift-off
This week Thursday we have the European Central Bank (ECB) rate decision on hand. The much anticipated 25 basis point hike has been communicated extensively by ECB Governing Council members for many weeks now but there is still a possibility of a 50 basis point hike, especially if inflation data tomorrow necessitates it.
Nord Stream 1 Gas Pipeline Concludes Maintenance
A significant transport route for Russian gas into Europe is due to complete routine maintenance on Thursday. In recent weeks, the German Economy Minister has raised the alarm surrounding the possibility for spurious excuses out of Russia should normal gas flows fail to return.
