The US Treasury bond yield is now trading above 1.6%, while the ECB has managed to stop the increase in the euro area. In this context, the EUR/USD pair remains under downward pressure but not as much as we could have thought: it is trading around 1.1930 this morning. Chinese economic reports showed activity sharply…
European gas prices extended gains on Friday, as market participants continued to focus on the strong rise in heating demand due to the unexpected drop in temperatures. On the pipeline supply side, Norwegian flows increased on Friday, at 337 mm cm/day on average, compared to 329 mm cm/day on Thursday. Russian flows were also higher,…
The power spot prices were mixed in North Western Europe yesterday, strongly rebounding in Belgium and the Netherlands but falling slightly further in Germany and France. Prices reached 22.29€/MWh in Germany, 37.36€/MWh and 37.15€/MWh in France and Belgium, and a much higher 48.75€/MWh in the Netherlands. The milder temperatures continued to pressure the French power…
European gas prices extended gains yesterday, still supported by the drop in temperatures. On the pipeline supply side, Norwegian flows were stable yesterday, at 329 mm cm/day on average. Russian flows were slightly lower, averaging 318 mm cm/day, compared to 320 mm cm/day on Wednesday. The rise in oil and Asia JKM prices provided additional…
Crude prices remained range-bound for the end of this week, at around 69.5 $/b as the dollar eased due to improving prospects for European economies. The US stimulus package is expected to bring higher gasoline consumption in the US. High retail prices for Indian driver is starting to have an effect on the nation’s recovery,…
