Prices up on the spot, down on the far curve
European spot gas prices rebounded on Friday, supported by higher residential demand and weak pipeline supply. Indeed, Norwegian flows weakened again, averaging 263 mm cm/day,…
The situation has not changed much on financial markets that remain calm. Stocks are trading sideways, bond yields and the USD remain rather stable. The EUR/USD has stabilized around 1.2130. The House advanced on the stimulus package, but the Senate is focused on the trial of the former president. UK GDP was up 1% in Q4, thanks to a temporary rebound in December.
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