ICE Brent crude prices edged higher today, expanding by 1.2%, after a volatile downward move yesterday, likely due to the continued selling pressure in global equity markets due to the fallout of the Chinese promoter Evergrande and a rally of the dollar. Yet, with Shell’s announcement that one section of their platform in the Gulf of Mexico…
The European power spot prices slightly faded yesterday, weighted by forecasts of stronger wind and solar generation despite the clean gas costs surging by nearly 20€/MWh. The day ahead prices hence averaged 149.58€/MWh, -5.60€/MWh day-on-day but still 3.68€/MWh above last week. The EUA prices started Monday on a bearish tone, driven down by macroeconomic concerns…
Equity markets suffered significant losses yesterday as they were caught up in the turmoil of the collapse of China’s Evergrande property developer. US indices did recover in the latter part of the session, a trend that was confirmed in Asia overnight, except in Japan where markets were closed yesterday. The consensus seems to be that the…
The European power spot prices for today edged down compared to Friday as the slightly higher solar, nuclear and hydro generations expected in the upcoming hours offset the forecasts of wind shortage. The day-ahead prices hence averaged 155.18€/MWh in Germany, France, Belgium and the Netherlands, -3.98€/MWh from Friday but +13.46€/MWh week-on-week. The carbon prices overall…
As the Fed meeting approaches this week, markets seem to be growing increasingly concerned. There is no shortage of worries: the pandemic remains present and continues to disrupt global production and distribution chains, which is increasing inflationary pressures, as evidenced by the acceleration of producer prices to +12% yoy in August in Germany. In addition to the…
