{"id":516072,"date":"2022-08-23T09:47:55","date_gmt":"2022-08-23T04:17:55","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=516072"},"modified":"2022-08-23T10:03:33","modified_gmt":"2022-08-23T04:33:33","slug":"europes-energy-concerns-drag-euro-to-20-year-low-stokes-recession-fears","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/europes-energy-concerns-drag-euro-to-20-year-low-stokes-recession-fears\/","title":{"rendered":"Europe&#8217;s energy concerns drag euro to 20-year low, stokes recession fears"},"content":{"rendered":"<p>SYDNEY (Reuters) &#8211; Asian shares were down for a sixth straight session on Tuesday after a renewed spike in European energy prices stoked fears of recession and pushed bond yields higher, while tipping the euro to 20-year lows.<\/p>\n<p>Benchmark gas prices in the European Union surged 13% overnight to a record peak, having doubled in just a month to be 14 times higher than the average of the past decade.<\/p>\n<p>Analysts at Citi warned inflation in Britain could top 18% if energy prices were not restrained.<\/p>\n<p>European and British manufacturing surveys due later on Tuesday were expected to highlight the damage being done to activity, with Germany seen deeper in contractionary territory.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>SYDNEY (Reuters) &#8211; Asian shares were down for a sixth straight session on Tuesday after a renewed spike in European energy prices stoked fears of recession and pushed bond yields higher, while tipping the euro to 20-year lows. Benchmark gas prices in the European Union surged 13% overnight to a record peak, having doubled in just a month to be 14 times higher than the average of the past decade. Analysts at Citi warned inflation in Britain could top 18% if energy prices were not restrained. European and British manufacturing surveys due later on Tuesday were expected to highlight the [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,232],"tags":[],"class_list":["post-516072","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-power-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/516072","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=516072"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/516072\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=516072"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=516072"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=516072"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}