The European power spot prices edged up amid forecasts of a wind shortage for today, although limited by the way above average temperatures. Prices reached 57.14€/MWh on average in Germany, France, Belgium and the Netherlands, +2.11€/MWh day-on-day. Despite a bearish opening, the EUA prices rebounded on Tuesday morning, supported by early gains in the European…
European gas prices rebounded on Tuesday, supported by colder temperature forecasts for early April, concern over potential delays in LNG deliveries due to the Suez Canal blockage and steady EUA prices. A downward correction in coal prices, a sharp drop in gas demand over the past few days due to unseasonably mild weather across Europe…
ICE Brent prompt month contract reached 64.6 $/b on early Wednesday, ahead of OPEC’s ministerial meeting, as most market observers expect OPEC to roll over the current production agreement, maintaining a tight grip on supply. The API survey showed indeed that OPEC’s return to the market was premature, with builds crude stocks close to 4…
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…
