Five Things You Need to Know to Start Your Day
Get up to speed with what the markets are monitoring
Good morning. A raft of changes to tackle energy crisis, eyes on the Merge, Swedish PM to resign and Putin may not have many options left. Here’s what people are talking about.
The European Commission aims to introduce a raft of regulatory changes to alleviate the liquidity squeeze in the energy sector as the bloc ramps up support to industries and consumers affected by Russia’s throttling of gas supplies. The proposed measures include raising the clearing threshold for commodities and other derivatives to 4 billion euros ($4 billion) and allowing bank guarantees to be accepted as collateral against margin calls. The European Securities and Markets Authority has until Sept. 22 to respond to the proposals. In France, the government will budget 16 billion euros to limit power and gas price increases to 15% for households and small companies next year.