In Europe

UE gas

European Union announces end of Russian gas imports from 2027 onwards

Bankinter | The European Union announces the end of Russian gas imports. A provisional agreement has been reached that will allow for the permanent cessation of liquefied natural gas imports by 31 December 2026, and pipeline imports by 30 September 2027. Finally, it reiterates its commitment to ensuring the elimination of all oil imports by the end of 2027. Bankinter analysis team’s view: This is good news because it represents…

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alemania ampelmann

Final CPI in Germany confirms preliminary annual figure of 2.3% compared to 2.4% previously

Bankinter | A slight moderation in German inflation in October is confirmed. The final CPI confirms the preliminary figure of 2.3% (year-on-year) against 2.4% previously. Wholesale Price Index 1.1% in October (year-on-year) against 1.2% previously. Analysis team’s view: Inflation moderates slightly, moving towards the ECB’s target (2%). We do not expect any changes in ECB rate expectations, so it should have a neutral impact on stocks and bonds.