Germany to declare phase 2 out of three (alarm stage) of emergency gas plan – Reuters
|Germany is reportedly looking to enter a Phase 2 of its three-stage emergency gas plan on Thursday, Reuters reports, citing a source close to the matter.
The German network regulator will not yet trigger the price adjustment clause allowed with phase 2 of the emergency gas plan.
The Economy Ministry is set to hold a news conference at 0800 GMT.
Market reaction
EUR/USD is holding steady above 1.0550 ahead of the critical euro area PMI reports.
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