IlluMyFi

Rolling coverage of the latest economic and financial news, on the final trading day of the year

Wall Street is set for a calm final session of 2024, judging by the latest futures prices which show the Dow flat:

European gas prices are also higher today, with the month-ahead contract up 0.8% at €48.25/MWh.

Gazprom said it would send only 37.2 million cubic metres on Tuesday compared to 42.4 mcm on Monday. Flows are expected to fall to zero from the early hours of Jan. 1 after the expiry of the five-year transit agreement.

Its demise marks the almost complete loss of Moscow’s once mighty hold over the European gas market. Ukraine refused to negotiate a new deal because of the war.

Sentiment

-0.84

Bearish/Bullish

05.01.25 05:16

by theguardian.com

Amazon aims to branch into UK internet market with satellite broadband plan

Proposed space launches within next two years could ultimately deliver mobile phone signal even to most remote areas

Amazon is hoping to offer a satellite broadband service in the UK within the next two years as it prepares to launch a constellation of spacecraft that could ultimately deliver a mobile signal even to the most remote areas.

The tech company, founded by Jeff Bezos, said it would seek access to British radio frequencies “over the next one to two years” as it prepares to offer satellite internet, according to a regulatory filing first reported by the Sunday Telegraph.