EUAs climbed back above 60€/t amid rising gas and equities
Diverging from the neighboring countries, the German power spot prices dropped by 51.16€/MWh to 116.65€/MWh yesterday, pressured by forecast of stronger wind and solar output.…
Inflation expectations continue to decline and the US 10y bond yields is back below 1.6%. Reassuring comments from Fed members yesterday about the transitory nature of inflationary tensions reinforced the trend and fueled risk appetite. US consumers may express more concerns through the Conference Board survey that will be released today, while the IFO survey should confirm optimism about the recovery reigns in Germany today. The EUR/USD exchange rate is on the rise, well above 1.22 now.
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