No big moves on financial market. January US inflation figures came out a bit below expectations, which reinforced the wait-and-see attitude and perplexity in a context of raising inflation fears. The main market mover will be jobless claims data today. The EUR/USD was stable yesterday around 1.2130. Share this news : Share on twitter Share…
The power spot prices climbed above 70€/MWh in Northwestern Europe yesterday, buoyed by the forecasts of below average temperatures and weak wind production. Prices reached 72.27€/MWh on average in France, Germany, Belgium and the Netherlands, +7.95€/MWh day-on-day. The French power consumption strengthened by 3.71GW to 74.74GW on average on Tuesday, while the country’s nuclear production…
European gas prices were down yesterday, pressured by expectations of higher temperatures next week and more LNG supply in the near future. The slight drop in parity prices with coal for power generation (thanks to the drop in EUA prices, which offset the rise in coal prices) provided additional bearish pressure, particularly for far curve…
Brent prompt prices stayed at 61$/b on Monday and early Tuesday led by a drop in US crude oil inventories of 3.5 mb, according to the API survey. Indian fuel demand saw its first monthly decline in January, led by jet fuel losses. Indian refining runs should be slightly lower than 5 mb/d in January.…
The rally in US stocks was interrupted yesterday, mainly on inflation fears that have been strengthening significantly since Joe Biden unveiled his $1.9tn stimulus plan. The key question is whether the rise in inflation that should accompany the recovery is strong enough to push bond yields sharply higher, destabilize financial markets and trigger a U-turn…
