French President Marcon: France in favour of common gas buying at European level

Following his phone call with German Chancellor Olaf Scholz, French President Emmanuel Macron noted that are ahead of the gas storage targets, having 92-93% of the storage capacity already filled, as reported by Reuters.

Additional takeaways

"Germany needs our gas and we need power from the rest of Europe, notably Germany.",

"On energy prices, measures are at first-hand national but there must also be measures at a European level."

"France is in favour of common gas buying at a European level."

"We need to act against speculation on energy prices at an EU level."

Market reaction

Markets paid little to no attention to these comments and EUR/USD was last seen losing 0.3% on the day at 0.9920.