Sharp downward correction in power and EUA prices
Profit taking after an historical rally dragged overbought EUA prices sharply down on Thursday with a record daily loss of €8.68/ton for the benchmark Dec-21…
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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