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Daily News Digest - 8 September

Written by
OvalX team
Published on
September 9, 2022

The euro is moving back to parity ahead of the ECB rate announcement at 13:15, where rates are expected to rise by 75bp.

Germany's finance minister is increasingly coming under pressure from business groups over fears that as much as 25 percent of companies that can are looking to move production out of Germany this winter over power rationing concerns.

Deutsche Bank's CEO states that taking the lessons on Russian energy Germany should be less dependent on China, and states that he does expect Germany to enter a recession.

The EU still plans to propose a price cap on Russian gas, with Putin warning Russia would cut off all energy supplies if the step was taken.

The new UK prime minister Liz Truss is expected to scrap the UK fracking ban to improve the UK's energy options.

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