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Natural Gas Maintains Large June Gain as Storage Data Release Approaches

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  As Another Storage Data Release Approaches, Natural Gas Maintains Its Large June Gain. Introduction In recent times, natural gas futures on the Henry Hub of the New York Mercantile Exchange have experienced significant gains. As another storage data release approaches, the market is eagerly anticipating the results. This article delves into the current state of natural gas, highlighting its performance in June and the factors influencing its prices. June Gains And Historical Context Gas futures on the Henry Hub have had a remarkable month, poised to achieve their highest performance since August. Back then, they reached a 14-year high of $10 per MMBtu (metric million British thermal units), recording a gain of approximately 15%. This surge in prices has caught the attention of market participants, who are beginning to recognize that higher price lows may be more prevalent moving forward. Price Fluctuations And Summer Heat Despite the absence of scorching summer temperatures acros...

Asian Stocks Slip Today Because China’s Reopening Accumulate - Capital Street FX

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  HANG SENG FELL BY 3.22% TO 18,814.45 ON FRIDAY 6TH JANUARY. Most Asian stock markets people on Wednesday as issues over a worldwide recession and charge per unit hikes by the Federal Reserve worn sentiment, with the scaling back of anti-COVID curbs in China doing very little to discourage commercialism pressure. China’s Shanghai Shenzhen CSI three hundred indexes fell to zero.6%, whereas the Shanghai Composite index lost zero.7%.  however, whereas China printed plans to relax its zero-COVID policy, the economic repercussions of the policy continue to weigh. Chinese exports and imports sank to their weakest level since mid-2020, information showed on Wednesday. Beijing declared an additional scaling back of COVID-related restrictions on Wednesday, with relaxed curbs on movement and business activities. The move comes when many major cities began easing curbs in the face of new protests the government’s strict zero-COVID policy. READ MORE