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March 27th - A recent survey of retail investors by the American Association of Individual Investors (AAII) shows a slight easing of pessimism regarding stock price performance over the next six months, with 49.8% of respondents holding a pessimistic view, down from 52.0% last week (the highest percentage since May). However, pessimism remains "exceptionally high" and has been above the historical average (31.0%) for the seventh consecutive week. Optimism about rising stock prices over the next six months rose to 32.1% from 30.4% last week (the lowest level since September of last year), remaining below the historical average of 37.5% for the sixth consecutive week. In a special question asking for opinions on the Federal Reserves decision to keep interest rates unchanged last week, nearly two-thirds of respondents (66.5%) said it was the right move, only one-seventh (14.2%) thought the Fed should have lowered rates, while 13.7% thought it should have been raised, and the remainder were unsure or had no opinion.March 27th - In 2025, my countrys digital consumption reached 25.3 trillion yuan, a year-on-year increase of 8.7%, with digital service consumption growing by 12.5%, becoming the main engine driving digital consumption growth. E-commerce boosted offline consumption, with offline digital consumption growing by 13.8%. Going forward, the Ministry of Commerce will continue to deepen inter-departmental collaboration, focusing on optimizing supply, expanding scenarios, improving support, and standardizing the environment to promote the quality, expansion, and efficiency of digital consumption, better serving the construction of a new development pattern and contributing to high-quality development.UK retail sales fell 0.4% month-on-month in February, compared with expectations of a 0.70% decline and a revised 2% increase in the previous month (up from 1.80%).UK retail sales rose 2.5% year-on-year in February, seasonally adjusted, below the expected 2.10% and the previous figure revised from 4.50% to 4.8%.UK core retail sales fell 0.4% month-on-month in February, seasonally adjusted, compared with expectations of a 0.8% decline and a revised 2.2% in the previous month (originally reported as 2.00%).

Ukraine Will Block A Crucial Russian Gas Transit to Europe, Blaming Russia

Charlie Brooks

May 11, 2022 09:46

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Ukraine said on Tuesday that it will cease the flow of gas via a transit point that, according to Kiev, sends over one-third of the fuel piped from Russia to Europe through Ukraine. Kiev blamed Moscow for the action and said it would redirect the flows elsewhere.


Even after Moscow's invasion, Ukraine has remained a significant transit route for Russian gas to Europe.


The operator of Ukraine's gas infrastructure, GTSOU, has declared "force majeure" and will cease shipments through the Sokhranivka route as of Wednesday. "Force majeure" is a provision triggered when a firm is affected by circumstances beyond its control.


However, Gazprom (MCX:GAZP), which has a monopoly on Russian gas pipeline exports, said that it was "technologically impossible" to move all volumes to the Sudzha connecting point farther to the west, as GTSOU requested.


GTSOU CEO Sergiy Makogon told Reuters that Russian occupation troops have begun transporting gas flowing through Ukraine to two rebel territories supported by Russia in the country's east. He failed to provide proof.


The company stated that it was unable to operate at the Novopskov gas compressor station due to "the interference of the occupying forces in technical processes," adding that it could temporarily redirect the affected flow to the Sudzha physical interconnection point, which is located on Ukrainian territory.


Ukraine's suspension of Russian natural gas shipments via the Sokhranivka route should have no effect on the local Ukrainian market, according to Yuriy Vitrenko, the president of the state-owned energy business Naftogaz.


The national gas company of Moldova, a tiny country on Ukraine's western border, said that neither GTSOU nor Gazprom had notified them of a supply interruption.


Russian army and separatist militants have controlled the Novopskov compressor station in the Luhansk area of eastern Ukraine since shortly after Moscow launched a "special military operation" in February.


GTSOU said that it is the first compressor in the Ukraine gas transit system in the Luhansk area, the transit route for about 32,6 million cubic metres of gas per day, or a third of the Russian gas transported to Europe through Ukraine.


To fulfill its "transit responsibilities to European partners in full," GTSOU said that it will "temporarily move unavailable capacity" to the Sudzha interconnection point.


Gazprom said it had received information from Ukraine that the nation will cease gas transit to Europe through the Sokhranivka interconnector at 7:00 a.m. on Wednesday local time.


The Russian corporation said that it observed no evidence of force majeure or impediments to business as usual. Gazprom emphasized that it was fulfilling its commitments to European gas purchasers.


As punishment for the invasion of Ukraine, the United States has pushed other nations to reduce their reliance on Russian energy and has prohibited Russian oil and other energy imports.


Ned Price, a spokeswoman for the U.S. State Department, said that Tuesday's declaration does not alter the "as soon as feasible" schedule for reducing global dependency on Russian oil.

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