There is no sign of euphoria either in the population or on the markets after the re-election of Emmanuel Macron in France: the bond yield spread against Germany is stable and the very brief surge of the euro has given way to a plunge to a new 2-year low against the USD, just above 1.07. His victory…
European gas prices weakened on Friday, maintaining their stable trend, and seemingly insensitive to the strong drop in pipeline supply. Indeed, Norwegian flows dropped significantly, averaging 269 mm cm/day, compared to 306 mm cm/day on Thursday, still impacted by a series of planned and unplanned maintenance. Russian flows were almost stable, at 209 mm cm/day,…
Most northwestern European power spot prices decreased yesterday on forecasts of weaker demand and higher wind output, although the French prices presented a much contained fall due to expectations of lower nuclear availability. The day-ahead prices averaged 180.99€/MWh in Germany, France, Belgium and the Netherlands, -18.31€/MWh day-on-day. On the curve, power prices went up tracking…
European gas prices increased again yesterday, supported by lower pipeline supply. Indeed, Norwegian flows weakened again, averaging 306 mm cm/day, compared to 313 mm cm/day on Wednesday, impacted by an additional outage, unplanned this one, at Kollsnes. Moreover, the end of the planned maintenance at the giant Troll field has been pushed back from April…
Jay Powell, the US central bank head, declared at a panel hosted by the IMF yesterday that a 50 basis points interest rate hike was on the table of the next Fed meeting early May, confirming the shift in tone among Fed’s governors over the past few weeks towards a more aggressive monetary policy to tackle the…
