Prices maintain their strong uptrend
European gas prices rose to new all-time highs on Friday. Although Russian supply continues to flow (even increasing to 267 mm cm/day on average on…
The US Treasury bond yield is now trading above 1.6%, while the ECB has managed to stop the increase in the euro area. In this context, the EUR/USD pair remains under downward pressure but not as much as we could have thought: it is trading around 1.1930 this morning. Chinese economic reports showed activity sharply up yoy due to a huge basis effect. A closer look at the figures shows that industrial activity is robust, consumer spending and investment much less.
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