French President Marcon: France in favour of common gas buying at European level
|
Following his phone call with German Chancellor Olaf Scholz, French President Emmanuel Macron noted that are ahead of the gas storage targets, having 92-93% of the storage capacity already filled, as reported by Reuters.
Additional takeaways
"Germany needs our gas and we need power from the rest of Europe, notably Germany.",
"On energy prices, measures are at first-hand national but there must also be measures at a European level."
"France is in favour of common gas buying at a European level."
"We need to act against speculation on energy prices at an EU level."
Market reaction
Markets paid little to no attention to these comments and EUR/USD was last seen losing 0.3% on the day at 0.9920.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.
