A spokesperson for Austrian energy firm OMV said on Monday that they are expecting the maintenance work on Nord Stream 1 to be completed as planned and added that deliveries are also expected to resume afterwards, as reported by Reuters.

Market reaction

Risk flows continue to dominate the financial markets after this headline. As of writing, Euro Stoxx 600 Index was up 1.15% on a daily basis. In the meantime, the EUR/USD pair continues to trade in positive territory near the 1.0150 area.