European and Asian prices extended gains
European gas prices extended gains yesterday, still supported by tight domestic fundamentals. The strong rise in Asia JKM prices provided additional support, offsetting the drop…
Bond yields have rebounded, equities as well and the USD has lost some ground, the EUR/USD exchange rate returning above 1.19… before falling back below this morning. Fed speakers have in general been reassuring about inflation, but their speeches show different opinions. The market seems a bit lost and does not really know what to make of the last Fed meeting.
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