{
}
UBS reports a decrease in the risk premium for European gas, with TTF futures dropping below €45/MWh due to stable Russian supply. European gas storage levels are at 81%, aligning with the five-year average, though 10% lower than last year. Demand rose 3% in November, driven by colder weather, while piped gas imports remained stable despite a slight decline in Russian imports amid contractual disputes.
UBS reports a reduction in the risk premium for European gas, with TTF futures dropping below €45/MWh due to stable Russian supplies. European gas storage levels are at 81%, 10% lower than last year, and demand rose 3% in November, driven by colder weather, despite remaining below historical averages.
UBS reports a decrease in the risk premium for European gas, with TTF futures dropping below €45/MWh due to stable Russian supply. European gas storage levels are at 81%, with projections indicating a winter end in the low-40% range, while demand rose 3% year-over-year in November, driven by colder weather. Piped gas imports remained stable, despite a slight decline in Russian imports amid a contractual dispute.
On December 12, a significant defense deal was signed to bolster India's military capabilities, aligning with the 'Aatmanirbhar Bharat' initiative. The stock market saw notable movements, with three NSE stocks surpassing their 200-day moving average, while Zomato faced an ₹803 crore GST demand. Additionally, the Cabinet Committee on Security approved a project for 100 K-9 Vajra howitzers, impacting L&T stocks.
Anthony Scaramucci predicts that China will reintegrate Bitcoin into its reserves and resume legal mining by 2025, reflecting a broader geopolitical shift as nations explore Bitcoin as a strategic asset. This trend is echoed by discussions in the U.S., Russia, and Brazil about establishing national Bitcoin reserves to enhance financial resilience and navigate economic pressures. As institutional interest grows, the potential for Bitcoin to play a significant role in global finance becomes increasingly apparent.
Anton Tkachev, a Russian lawmaker, has proposed the establishment of a strategic Bitcoin reserve, urging the Finance Minister to evaluate its feasibility. He argues that Bitcoin could serve as a stable alternative to traditional currencies, which are vulnerable to sanctions and inflation, and highlights its growing importance in global trade.This initiative follows President Putin's endorsement of Bitcoin as an "unstoppable technology" and a potential global reserve asset, particularly in light of the financial challenges posed by Western sanctions. The proposal reflects a broader trend among nations exploring cryptocurrencies as viable reserve options.
Iran is shifting from restricting to regulating cryptocurrencies to mitigate the economic impacts of U.S. sanctions. The Central Bank of Iran will oversee the new regulatory framework, which includes licensing for crypto brokers and aims to enhance economic benefits while ensuring compliance with anti-money laundering and tax laws. This move aligns with a global trend, as other sanctioned nations like Russia also adopt crypto regulations for international trade.
Serbia is negotiating with Russia to extend its natural gas supply contract, which is set to expire in March. The country aims to maintain volumes similar to the current agreement with Gazprom PJSC, leveraging its strong relations with Moscow, according to Deputy Prime Minister Aleksandar Vulin.
A Russian court has denied Raiffeisen Bank's appeal to unfreeze its shares, maintaining the current restrictions on the bank's assets. This decision adds to the ongoing challenges faced by foreign financial institutions operating in Russia amid heightened tensions.
Chinese companies dominate the global electric vehicle market, accounting for 76% of sales, with BYD leading the charge. Despite rising tariffs in the US and EU, demand for affordable EVs remains strong, particularly in China and emerging markets like Russia. As traditional automakers struggle, the future of the industry may hinge on how Western markets respond to this growing competition.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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