The rise of radical Islam in the Middle East and the reintroduction of border controls in Europe is disrupting supply chains and raising costs for business, according to a global trade body. Unstable commodity prices, a more assertive Russia and the cross-border presence of Isis have heightened risk. Source: FT
Russian pipe-laying vessel Akademik Cherskiy, expected to be used to finish the Moscow-led Nord Stream 2 gas pipeline, is heading towards the German project hub of Mukran, Refinitiv Eikon data showed on Monday. Source GCaptain
- The latest statement from the ECB suggests that policymakers will adjust their monetary policy based on upcoming forecasts due in December.
- The pre-commitment comes at a time when France and Germany have announced new nation-wide lockdowns.
- “The door for December action is wide open. Let’s hope that the situation doesn’t worsen further so that the ECB has to rush through the door earlier than planned,” Carsten Brzeski, global head of macro at ING, said. Source ECB
The Public Debt Management Agency (PDMA) announced on Tuesday it successfully auctioned six-month treasury bills at a historic low interest rate of minus 0.12%. The 26-week T-bill auction was originally planned to fetch 625 million euros. Source Ekathemirini
