GERMANY’S HABECK: UNCERTAINTY OVER RUSSIAN GAS DELIVERIES CLOUDING OUTLOOK

The uncertainty over the continuation of Russian gas deliveries is clouding the economic outlook considerably heading into the second half of the year,” German Economy Minister Robert Habeck said on Thursday, as reported by Reuters.

“The German economy had a strong first half of the year despite the Ukraine war,” Habeck added.

Market reaction

These comments don’t seem to be having a significant impact on risk sentiment. As of writing, Germany’s DAX 30 Index was down 0.3% on a daily basis. Meanwhile, EUR/USD continues to trade in negative territory near 1.0030.