The correction may be over for now
The exit from the “reflation trade” continued yesterday with a strong decline in equities and new lows for bond yields (1.25% for the US 10y). China fueled…
European spot gas prices were mixed on Friday. Although rising, temperatures are expected to remain below normal this week.
Curve prices were more clearly up, supported by the strong rise in parity prices with coal for power generation (mainly due to the sharp rise in coal prices).
On the pipeline supply side, Russian flows were slightly down on Friday, at 320 mm cm/day on average, compared to 322 mm cm/day on Thursday. Norwegian flows were slightly up, averaging 303 mm cm/day, compared to 299 mm cm/day on Thursday (but still significantly below the 327 mm cm/day of the previous week).
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