sentix Economic News
Read the latest information and indications about the "first mover" among the economic indicators!
Mild temperatures give hope
07 November 2022
Posted in
sentix Economic News
At the beginning of November, the sentix economic indices in Euroland surprise on the positive side. The overall index rises by 7.4 points to -30.9, which is still not a trend reversal signal. But the rise in situation and expectation values shows how sensitively investors react in their economic expectations to signals from the energy market. For this is the cause of the hopeful changes. October showed higher temperatures than usual and this means that gas storage facilities in Germany, for example, are full to the brim, more than expected for November. Spot mar-ket gas prices collapsed in response. Concerns about a catastrophic gas shortage are fading.