Thanks to a huge basis effect, China’s GDP growth soared to +18.3% yoy, but the economy actually slowed down in Q1. Monthly economic reports suggest domestic demand was recovering at the end of the quarter. Bond yield kept on falling yesterday, despite extremely robust US figures, which raises many unanswered questions. The EUR/USD exchange rate…
The power spot prices edged down in north western Europe yesterday, pressured by forecasts of slightly warmer temperatures and stronger renewable production. Prices averaged 67.97€/MWh in Germany, France, Belgium and the Netherlands, -4.13€/MWh dod with prices ranging from 66.57€/MWh in the Netherlands to 74.32€/MWh in France. After a slightly bullish morning, the EUA started top…
ICE Brent prompt contract jumped to 66.7 $/b, returning close to 5% on a daily basis, on Thursday as US petroleum markets were getting increasingly tighter, as reported by the EIA. Share this news : Share on twitter Share on linkedin Share on email You might also read : January 25, 2021 European spot and…
European spot gas prices were rather stable yesterday, the impact of cold weather being offset by the rise in pipeline supply. Indeed, Yamal flows came back to normal, which pushed total Russian supply to 329 mm cm/day on average yesterday, compared to 308 mm cm/day on Tuesday. As for Norwegian flows, they increased slightly, averaging…
US equities reached new highs before profit taking brought down the main indices in the red, except the Dow Jones. The Fed Beige book perfectly illustrated the doubts that financial market players may be facing at the moment: the recovery is here and getting stronger but the tensions on means of production could lead to…
