Ever higher

Global stocks continue to rise and so do commodity prices and bond yields, while the Bitcoin is nearing $50000. Risky assets are pushed higher by a mix of confidence in the future economic recovery and speculation in a context of over-abundant liquidity. The reopening of US financial markets will test this optimism today. The EUR/USD is almost stable near 1.2130-40.

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May 26, 2021

Sharp rise in prices in Europe

European gas prices increased strongly yesterday, mainly supported by the failure (once again) of Ukrainian TSO to sell any of the interruptible capacity it offered at…
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