Welcome to the FIA News & Insights, a one-stop resource that includes insights from senior investment professionals on timely market events, their views on the economy and their respective markets. Find updates on the latest media information on Frost Investment Advisors, LLC and the most recent reprints, as well as, archival information for your reference.
The Nord Stream Pipeline Leak Ramps up the Pressure on an Already Vulnerable Continent
The finger pointing around the rupture of the Nord Stream gas line under the Baltic Sea continues, with theories and motives being attributed to a wide range of parties. It’s not an exaggeration to say that this event will further darken the already dire economic picture in Europe. Germany has been cut off from Russian oil and gas supplies since March, with energy prices up 46% year-over-year. This story is playing out across the continent, with a recent report on producer prices in the Eurozone showing a rise of 40% over the past year, almost entirely explained by soaring energy prices.
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