The US equity markets ended the week with a bang, with the Nasdaq up 3.1%. Long-term rates are slowly rising (10-year US at 1.79%) and the USD is giving up some ground at 1.1170 against the euro. All this seems to confirm a decline in risk aversion. However, the Atlanta Fed President confirmed that a…
The power spot prices surged near 300€/MWh in northwestern Europe yesterday, lifted by forecasts of a wind surge combined with a strong demand and higher gas prices. The day-ahead prices averaged 290.13€/MWh in Germany, France, Belgium and the Netherlands, +45.15€/MWh day-on-day and +54.04€/MWh from the previous week. The EUAs started the week on a bullish…
The price of Brent crude oil more or less followed the trend of the equity markets yesterday: initially swept along with all risky assets by a strong sell-off, it fell from nearly $89/b to $85/b before regaining about half of the lost ground, around $87/b. But it cannot be said that rising geopolitical risks in the…
European gas prices increased strongly yesterday as a risk premium on the Russia-Ukraine conflict is building. Even the statements of Russian government spokesman saying that Russia has been a reliable energy supplier to Europe even at difficult times in relations did not seem to reassure the market. The rise in Asia JKM prices (+14.72% on…
Spectacular reversal of the US equity markets yesterday, which lost more than 4% (for the Nasdaq) in the session and ended the day up. In the meantime, the European markets suffered heavy losses (-4.1% for the Eurostoxx 50). The causes of this nervousness are known: the approach of the Fed meeting (today and tomorrow) in a particularly…
