Power prices surged on extended and unplanned nuclear outage
The European power spot prices soared above 300€/MWh yesterday on higher gas prices and forecasts of colder temperatures, weak nuclear availability and low renewable generation.…
Limited market moves again yesterday, as Fed members continued to send mixed signals on monetary policy. Preliminary PMIs confirmed the strength of activity growth but also raising tensions on production costs. The economic agenda is full today with in addition, a Bank of England meeting and many Fed speakers again. The EUR/USD exchange rate remains rather stable around 1.19.
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