Chicago 11, Melborne City, USA

experts assessed the impact of the cessation of LNG supplies on the euro exchange rate

MOSCOW, July 13 – PRIME. Bloomberg, citing a statement by UBS Group AGE analysts, writes that if the Russian Federation stops supplying LNG to Europe, the stock markets will collapse, and the euro will fall to 0.90 cents.

Vzglyad: Europe is wiping LNG from weaker countries

Experts said that if LNG supplies from Russia to European countries run out, companies’ revenues will decrease by more than 15%. This will lead to a fall in stocks, and the Stoxx 600 index, which reflects the European market, may even fall by 20%. Because of these events, the euro will be 0.90 cents.

Forecasts should be taken as very rough, as they do not yet reflect the worst-case scenario, said the UBS Group AG. The euro is already suffering a strong collapse against the dollar to a record low, while German corporate shares have lost 11%.

A number of investors believe that Russia will nevertheless decide to restore the volume of LNG supplies after the completion of the Nord Stream preventive work. However, the voluntary intention of the EU to save gas in order to replenish stocks in storage facilities may also have a negative impact on the economy.

Source: 1prime

Helped investors place more than 500 million rubles. and over $200,000 in stock market instruments. Developed over 60 investment strategies. Experience in Forex - Basic and Series 1.0. Broker-dealer activity. The purpose of creating the fx-guidance website is to share with you My knowledge, experience and transfer my best practices on the topic of INVESTING IN THE STOCK MARKET, so I want to start with a FREE technical analysis course, thanks to which you will receive:✅Basic technical analysis system used by prof. investors ✅Learn to find the perfect entry and exit points ✅Begin to see long-term trends on the chart and understand the likelihood of further price movement

    Leave feedback about this

    • Quality
    • Price
    • Service


    Add Field


    Add Field
    Choose Image