Money markets are pricing in the likelihood that the European Central Bank will raise interest rates by 50 basis points next September.

At the beginning of June, Germany imported 35 percent of its gas from Russia, a country under sanctions by the European Union due to the military operation in Ukraine, measures that became a boomerang for the old continent, by further tightening the gas market. hydrocarbons.

According to the plans of the German nation, the country is currently working on the replacement of Russian gas, coal and oil.

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