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What are the main events for today?

EUROPEAN SESSION In the European session, the only highlight is the ECB rate decision. The central bank is widely expected to keep interest rates unchanged, while maintaining its data-dependent, meeting-by-meeting approach. Inflation accelerated to 3.8% in September, driven by energy prices, while core inflation showed more limited increases. Rising energy costs and the risk of second-round…

CommodityOilPrice.com

EU Scrambles to Contain Energy Price Crisis Ahead of Winter

The energy ministers of EU member states are meeting today to discuss how to tackle a worsening energy price crisis as winter approaches, and with it, peak heating demand season. The meeting follows reports from Wednesday citing Energy Commissioner Dan Jorgensen as saying a series of refinery closures in EU member states over the past 20 years was a mistake as the diesel squeeze pushes prices to…

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