Intercontinental Exchange Inc. (ICE) said Wednesday that natural gas futures trading in Europe set new records last month amid volatility sparked by Russia’s invasion of Ukraine and the ongoing threat it has posed for the continent’s energy supplies.

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Investors were watching the Japanese yen as it traded at 125.58 per dollar following yesterday’s weakening from below 125 against the greenback.

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Spain's central bank on Tuesday lowered its economic growth forecast for this year and next due to the impact of inflation stoked by Russia's invasion of Ukraine, and said the pace of recovery had already slowed down in the first quarter. Inflation is projected to rise to 7.5% in 2022.

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BRUSSELS: French Finance Minister Bruno Le Maire said Tuesday that there is a “total determination” from all 27 European Union countries for sanctions against Russia that could target oil and coal over evidence its troops deliberately killed Ukrainian civilians.

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Consumer inflation has surged to a fresh two-decade high in Turkey as external headwinds spawned by Russia’s invasion of Ukraine add to the country’s own economic woes.

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Soaring energy prices have seen France's smaller communes forced to close swimming pools and meeting spaces and turn off street lamps as they struggle to pay the bills.

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