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Europe 'Not Well Prepared for Winter' on Energy, Goldman's Della Vigna Says

European natural gas prices rose following a report the White House asked the Pentagon to develop strike options against Iran that could be executed before the midterm elections next month. Michele Della Vigna, Head of Natural Resources Research in EMEA at Goldman Sachs, says Europe is not well prepared for winter in the energy market with risks skewed to the upside. "In Europe, natural gas drives 60% of the price of power for 60% of the time. And in some countries, the UK, Italy, Germany, for 80% plus of the time. So all of this ultimately feeds through industrial competitiveness and the consumer's disposable income," he said. Della Vigna discusses the energy market impacts and risks from conflicts in the Middle East on "The Pulse with Francine Lacqua."

Read more: Europe 'Not Well Prepared for Winter' on Energy, Goldman's Della Vigna Says
Bloomberg
Financial

Yardeni Sees Bond Yields Heading in 'Danger Zone' Direction

Edward Yardeni, president at Yardeni Research, discusses the factors pushing bond yields higher globally as he sees a "spectrum" of yield scenarios for the market. Yardeni finds US fiscal policy, not bond vigilantes, responsible for the rise in bond yields. He speaks on "Bloomberg Surveillance."

Read more: Yardeni Sees Bond Yields Heading in 'Danger Zone' Direction
Bloomberg
Financial

Fed's Waller Sees Some Flexibility on Rate-Hike Timing

Federal Reserve Governor Christopher Waller said further interest-rate hikes will likely be needed to slow inflation. Speaking at an event organized by Turkey's central bank in Istanbul, Waller said he anticipates "additional hikes to support a timelier return to inflation" to the 2% goal. (Source: TCMB Istanbul Economic Forum)

Read more: Fed's Waller Sees Some Flexibility on Rate-Hike Timing