Global stocks continue to rise and so do commodity prices and bond yields, while the Bitcoin is nearing $50000. Risky assets are pushed higher by a mix of confidence in the future economic recovery and speculation in a context of over-abundant liquidity. The reopening of US financial markets will test this optimism today. The EUR/USD…
The European power spot prices for today dropped significantly compared to Friday amid a sharp rise of temperatures and wind output offsetting the lower French nuclear availability expected in the upcoming hours. Prices reached 50.79€/MWh on average in Germany, France, Belgium and the Netherlands, -10.03€/MWh from Friday. The French power consumption slightly strengthened to 78.52GW…
Spot gas prices dropped in most European gas markets on Friday, still pressured by expectations of higher temperatures from today and stronger LNG supply to Europe in the coming days; only Italian prices were higher given the sharp drop in temperatures in the country. Prices on the curve were more resilient thanks to the rise…
Brent futures prices rallied, with prompt contract reaching 63.5 $/b on late Friday, as a cocktail of supply risk were hitting the oil market. First, tensions between Yemen’ Houthis and Saudi Arabia grew, with the Saudi coalition declaring it had intercepted a missile strike directed towards airport infrastructures. Secondly, Texas’ ultra-cold weather spooked market participants…
New record-high levels on US equities as well as strong domestic GDP figures have pushed the main Japanese stock market index above 30000 for the 1st time since 1990. The reflation trade continues to rule financial markets with the US 10 years up above 1.2%, a 12-month high, a move amplified by the sharp rise in…
