Mixed price evolution
European gas prices were mixed yesterday. They dropped on the spot and the near curve, pressured by forecasts of higher temperatures and comfortable pipeline supply.…
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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