European gas prices increased again yesterday, as concerns on supply scarcity continued to fuel the strong uptrend. The announcement by the operator of the Nord Stream 2 pipeline that it had started filling one of the two legs with gas for tests only provided a moderate and temporary downward impact. The rise in Asia JKM…
The power spot prices slightly increased yesterday, supported by expectations of higher demand which offset the forecasts of improved French nuclear availability. The day-ahead prices averaged 159.74€/MWh in Germany, France, Belgium and the Netherlands, +7.49€/MWh day-on-day. The EUAs rebounded from Friday’s late retreat on Monday morning, buoyed by stronger energy prices and increased buying interest…
Equity markets continue to decline, particularly tech. stocks: the Nasdaq fell by more than 2% yesterday and is down more than 7% from its early September highs. Inflationary fears were boosted yesterday by the surge in oil prices, so that the US 10-year yield rose above 1.50%, before easing again as concerns about growth took…
The European power spot for today rather sharply increased compared to Friday’s level amid forecasts of weaker wind and solar generation and lower French nuclear availability. The day-ahead prices average 152.25€/MWh in Germany, France, Belgium and the Netherlands, +37.50€/MWh from Friday. After Thursday’s retreat, the EUAs strongly rebounded on Friday with the Dec.21 benchmark gaining…
The stock markets are back down this morning despite a rebound in the US markets at the end of the week, notably based on hopes for a drug against Covid. The Merk laboratory claims that its anti-covid pill can halve the risk of hospitalisation for patients suffering from the virus. With Chinese markets closed until Thursday, speculation about the…
