US bond yields weakened on Thursday as US employment data showed signs of a cooling US labour market. US 10Y treasury yields touched 1.67%, 7 basis points below Wednesday. Very strong US manufacturing data boosted growth expectations, with the Dow Jones rising by 1.2%. Japan’s Nikkei also rose by 0.6%. European indices grew similarly by…
The power spot prices in NWE fell below the clean gas costs yesterday, pressured by forecasts of weaker demand and surging wind output. Prices reached 51.92€/MWh in Germany, France, Belgium and the Netherlands, -5.22€/MWh day-on-day. After a downward correction midday induced by a weak auction result and dropping oil prices, the EUAs rebounded in the…
ICE Brent prompt contract recovered to 63.6 $/b on early Thursday after a loss on Wednesday. The EIA weekly report showed a rapidly improving US demand, with gasoline and jet outperforming expectations. Biden’s $2 trillion economic stimulus package showed a growing emphasis on road infrastructure, which will likely have a bullish outlook for industrial commodities…
European gas prices increased again yesterday, supported by forecasts of lower temperatures from tomorrow with levels expected to drop significantly below normal next week. While European storage sites flipped to net injection mode on 26 March, this could force them to return to a withdrawal mode. With European stocks only 30% full on 30 March (compared…
Biden’s $2.3 trillion recovery plan boosted growth expectations in the US, pushing stocks higher globally. US Treasuries were under pressure, with the 10Y yield climbing at 1.753%. European stocks continued to underperform, with declines on the FTSE, CAC and DAX as France extended the regional lockdown nationally. Share this news : Share on twitter Share…
