Confidence seems returning a bit on financial markets thanks to good economic indicators and hopes of acceleration in the vaccination campaigns. Bond yields edged up and stock markets are better oriented. The USD seems marking a pause after a strong rally. The EUR/USD pair fell below 1.18 and may continue to weaken, as long as…
Crude oil prices have registered up-and-down moves since the container ship blocked the Suez canal. Yesterday they were down, but are already rebounding. Brent 1st-nearby prices fell from around $64/b to $61/b and are now trading near $63/b. The general sentiment is better (see the Daily Eco) and supports this rebound, but there is also…
European spot gas prices were mixed yesterday, torn between the bullish effect of the ongoing blockage of the Suez Canal and the bearish effects of rising temperatures and more comfortable Norwegian supply. Indeed, Norwegian flows increased yesterday to 337 mm cm/day on average, compared to 331 mm cm/day on Wednesday. Russian flows were stable, averaging…
The European power spot prices remained rather stable yesterday, slightly up in Germany, Belgium and the Netherlands on forecasts of lower wind production while French prices edged down amid expectations of better nuclear availability and stronger hydro generation. Prices reached 58.01€/MWh on average in the four countries, +0.93€/MWh day-on-day. After a bearish morning, the EUA…
Brent 1st-nearby prices posted a $4/b gain yesterday. WTI prices did about the same. They respectively ended the day above $64.5/b and $61.2/b, therefore erasing their losses of the previous day. The main reason was the Suez canal still blocked by a giant ship that has deviated from its course for unclear reasons. Then, the…
