European gas benchmark futures hit their highest level since last December after rallying for a third consecutive session Thursday on fears of disruption to Russian gas flows crossing Ukraine.
Consumer inflation in China rose more than expected last month, but the data didn’t paint a strong enough picture to dispel concerns about weak demand.
The dollar fell having gained briefly following the jobless claims data, which ING said was a likely overraction since the figures didn’t provide lasting support, and the currency still needs to realign with more aggressive Fed rate cut expectations.
