Prices maintained their short term downtrend
European gas prices dropped significantly yesterday, still pressured by above-normal temperatures and more comfortable supply. Norwegian flows rebounded to 337 mm cm/day on average yesterday,…
Optimism seems returning on financial markets for the end of this week: equities have rebounded, while bond yields remained stable. The USD lost some ground, pushing the EUR/USD exchange rate up to 1.2070. Good economic figures in the US ahead of likely strong job creation in April as well as optimistic comments from the BoE and Chinese trade figures above expectations have all contributed to reinforce global recovery hopes.
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