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" Nord Stream 2" Will Be Available At The End Of This Year As Soon As Possible / U.S. PPI Rose To 11-year High In August

 

" Nord Stream 2" Will Be Available At The End Of This Year As Soon As Possible

Russia's natural gas pipeline to Germany-"Nord Stream 2" (Nord Stream 2) was officially completed. This pipeline traverses the bottom of the Baltic Sea and will enable Russian natural gas to be exported directly to Germany. Through this pipeline, the amount of natural gas sent from Russia to Germany will be doubled in the future. It is conceivable that Russia's endless supply of energy is expected to help the German economy to accelerate in the future. In the past three administrations of the United States have been opposed to the construction of this natural pipeline, worrying that the pipeline will increase Moscow's economic and political influence in Europe. It is understood that although the pipeline construction is completed, it still needs to be tested and accepted. It is expected to be put into use as soon as the end of this year. Since Russia has already de-dollarized, it is believed that Russia will charge euros for selling natural gas after ventilation.


U.S. PPI Rose To 11-year High In August

Last Friday (10th) the United States announced the August Production Price Index (PPI), which rose 8.3% year-on-year, becoming the highest production price inflation level in the past 11 years since November 2010. This figure also increased by 0.7% month-on-month. The market is now paying attention to the consumer price index (CPI) released on Tuesday (14th) to measure the latest inflation situation in the United States and the trend of the Federal Reserve's monetary policy. The Fed's interest rate meeting will be held on the 22nd of this month. The market generally estimates that the Fed will not rush to announce a timetable for debt reduction next week. However, if the inflation figures announced by the United States this week are high, it may affect market perceptions.


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