Bond yields keep on rising, the USD follows
Jerome Powell, the Fed chairman, repeated more or less word for word what Lael Brainard said previously, but markets expected something more specific pointing to…
European gas prices were up yesterday, maintaining their uptrend amid ongoing tight fundamentals. While Russian supply remained desperately stable (at 332 mm cm/day on average), Norwegian flows dropped significantly yesterday, averaging 253 mm cm/day, compared to 278 mm cm/day on Tuesday, due to a power failure that led to a partial interruption of daily processing capacity at the Kollsnes gas facility.
The slight rise in parity prices with coal for power generation (the increase in EUA prices offset the drop in coal prices) also provided some support.
Get more analysis and data with our Premium subscription
Ask for a free trial here