Asian stocks retreated as US bond yields continued their upward trajectory, with the 10Y Treasury note solidified at a 1.73% yield, discounting future cash flows for growth stocks. The Eurodollar’s weakening continues, at 1.707 while the Yen depreciated by 0.5%. Share this news : Share on twitter Share on linkedin Share on email You might…
Despite the expectations of warmer temperatures, the European power spot prices strongly rebounded yesterday on forecasts of dropping wind output. Prices reached 55.03€/MWh on average in Germany, France, Belgium and the Netherlands, +14.04€/MWh day-on-day. After a bearish morning, the EUA prices rebounded on their middle Bollinger band and eroded all their early losses in the…
European gas prices dropped yesterday, both on the spot and the curve, pressured by the resumption of shipping flows through the Suez Canal after the Ever Given container vessel was successfully freed. On the pipeline supply side, due to an unplanned outage at the Kollsnes gas processing plant, Norwegian flows weakened further, falling to 312…
The Suez canal blockade was mostly resolved yesterday, and traffic is resuming albeit at a slower rate. Crude prices were still relatively shielded from this event. ICE Brent front-month contract was trading at 64.8 $/b on early Tuesday, mostly driven by the cautious Russian stance ahead of the OPEC meeting on Thursday. The weak sentiment…
The fallout of one family office forced to liquidate $20 billion continued to have effects on its financial counterparts such as Nomura or Credit Suisse. Asian equity prices saw a limited upside as gains were capped for the banking sector. China’s CSI300 index saw a 0.2% increase while the Nikkei was off 0.1%. In the US, the Dow…
