The USD is weakening quickly, as market participants expect the minutes of the last FOMC meeting to confirm the Fed’s willingness to tolerate a temporary surge in inflation. US equities posted losses for the second day in a row, but the bond market remained rather unchanged, with the US 10y around 1.64%. UK price data…
The European power spot prices remained rather stable yesterday, torn between expectations of higher power demand and weaker wind production, and forecasts of improved French nuclear and hydro generation. Still below both clean gas and coal costs, the day-ahead prices reached 74.18€/MWh on average in Germany, France, Belgium and the Netherlands, +2.19€/MWh day-on-day. The EUAs…
The inflationary threat continues to take center stage, particularly in the US and probably for some time to come. Bond yields edged up and equities lost some ground yesterday, although European markets are up this morning. The USD weakened further, the EUR/USD pair now nearing 1.22, but overall the market moves should remain rather moderate…
European gas prices fell overall yesterday, pressured by profit taking and the drop in parity prices with coal for power generation. While both EUA and coal prices were down, the drop was stronger for the latter. It seems to have been triggered by news that Chinese authorities are more and more concerned by soaring domestic…
ICE Brent prompt contracts reached 69.7 $/b, as the dollar’s continued drop boosted dollar-denominated commodities. US jet demand is likely to reach 1.5 mb/d rapidly as domestic passenger checked by the TSA continues to increase. Share this news : Share on twitter Share on linkedin Share on email You might also read : February 11,…
