more than doubled its third-quarter profit from a year earlier to $8.15 billion, lifted by strong natural gas trading.
"While that's positive I would caution people. To us that just means that the recession is a little less deep than it may otherwise have been, but we do think that a recession is coming in Europe," he said.that the central bank must keep raising interest rates to fight off inflation, even if the probability of a euro zone recession has increased.expected
Villamin said that central banks are caught in a "tug of war" between the slowing economy and high inflation. Euro zone government bond yields fell. The German 10-year yield was down 8 basis points on the day at 2.08% .
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