Europe’s energy troubles haunt euro, Asian shares – Reuters
- Date: 23-Aug-2022
- Source: Reuters
- Sector:Financial Markets
- Country:Saudi Arabia
Europe’s energy troubles haunt euro, Asian shares – Reuters
SYDNEY, Aug 23 (Reuters) - Asian shares were down for a sixth straight session on Tuesday after a renewed spike in European energy prices stoked fears of recession and pushed bond yields higher, while tipping the euro to 20-year lows.
Benchmark gas prices in the European Union surged 13% overnight to a record peak, having doubled in just a month to be 14 times higher than the average of the past decade.
Analysts at Citi warned inflation in Britain could top 18% if energy prices were not restrained. read more
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