German Energy Regulator Bundesnetzagenturv said on Friday that the gas supply situation was tense but noted that supply in Germany was currently stable, as reported by Reuters.

"Gas storage has picked up slightly compared with Thursday," Bundesnetzagenturv added.

Market reaction

The market mood remains upbeat following this headline. As of writing, Germany's DAX 30 Index was up 1.5% on a daily basis. Meanwhile, US stock index futures are up between 0.9% and 1.5% on the day, suggesting Wall Street's main indexes remain on track to open decisively higher.