Germany to declare phase 2 out of three (alarm stage) of emergency gas plan – Reuters

Market news

23 June 2022

Germany to declare phase 2 out of three (alarm stage) of emergency gas plan – Reuters

Germany is reportedly looking to enter a Phase 2 of its three-stage emergency gas plan on Thursday, Reuters reports, citing a source close to the matter.

The German network regulator will not yet trigger the price adjustment clause allowed with phase 2 of the emergency gas plan.

The Economy Ministry is set to hold a news conference at 0800 GMT.

Market reaction

EUR/USD is holding steady above 1.0550 ahead of the critical euro area PMI reports.

Currencies. Daily history for Thursday, June 23, 2022

Commodities. Daily history for Wednesday, June 22, 2022

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