The European power spot prices unsurprisingly rebounded yesterday as a consequence of the power demand returning to normal levels with the holiday now passed, although the still strong wind output and improved French nuclear availability expected today kept the prices below the clean gas and coal costs. The day-ahead prices climbed to 59.82€/MWh on average…
Inflation expectations continue to decline and the US 10y bond yields is back below 1.6%. Reassuring comments from Fed members yesterday about the transitory nature of inflationary tensions reinforced the trend and fueled risk appetite. US consumers may express more concerns through the Conference Board survey that will be released today, while the IFO survey…
Volatility has been quite strong on financial markets last week, with the Fed minutes in the middle of the week and huge price variations on cryptocurrencies. Finally, they posted their worst week since the start of the pandemic last year. The setbacks of Bitcoin and its cronies may have impacted the other assets but the…
The European power spot prices for today slightly rose compared to Friday as the wind production, although expected to remain strong, started easing on Sunday after surging over the two previous days. If the holiday today should curb the power demand, the weak French nuclear availability expected today provided additional support to the day-ahead prices…
ICE Brent prompt contract recovered to 67.1 $/b on early Monday, as a potential cyclone formation in the Gulf coast could have an impact on oil infrastructure. Yet, prompt time spreads remain below 10 cents, not indicating that current fundamentals are tight. The Iranian nuclear deal revival’s timeline was also challenged by European diplomats, as…
