A bit of calm after a hectic week

Volatility has been quite strong on financial markets last week, with the Fed minutes in the middle of the week and huge price variations on cryptocurrencies. Finally, they posted their worst week since the start of the pandemic last year. The setbacks of Bitcoin and its cronies may have impacted the other assets but the link is difficult to establish. The EUR/USD plunged on Friday despite very strong PMIs in the euro area, as the ECB’s chief suggested there would be no tapering in bond purchases I the near future. Bond spreads diminished as well in the euro area. The EUR/USD exchange rate is trading just below 1.22.

Share this news :

You might also read :

ES-gas
November 15, 2021

Mixed price evolution

European gas prices were mixed on Friday, torn between lower Norwegian supply, hopes of higher Russian flows and the additional easing in global coal markets.…
ES-oil
September 22, 2021

US crude draws continue

Crude markets continued to be partially bid up with ICE Brent November contract reaching 75.4 $/b. The industrial survey published by the API reported another sizable crude…
ES-gas
November 19, 2021

Prices were mixed again yesterday

European gas prices were mixed again yesterday: slightly down on the spot, slightly up on the curve. Amid ongoing concerns on relatively low Russian supply,…
Join EnergyScan

Get more analysis and data with our Premium subscription

Ask for a free trial here

Subscribe to our newsletter

Don’t have an account yet? 

[booked-calendar]