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According to Trafigura Group, one of the world’s largest exchange companies specialized in commodity trading, Europe may avoid a natural gas shortage this and the following year.

On Monday, Deutsche Bank officials noted that U.S. leveraged loans default rate would end 2024 at 11.3%, according to their forecasts. The 2024 anticipated default rate on euro leveraged loans will equate to roughly 7.1% amid a worsening global economic situation.

The largest labor union in Germany managed to reach an agreement with employers on two rounds of wage increases in industrial enterprises. These measures were established to offset the threat of workers’ strikes.

Amid a slowing economy and officials' desperate fight against inflation, the European Central Bank (ECB) issued a report this Wednesday saying financial stability is in danger. Lenders are at risk of being hit as well as the governments and households.

Morgan Stanley notes that next year, the economies of the UK and the euro zone could face a recession. However, a strong US labor market could help the country avoid a recession.