Power prices hit new records amid spiking gas prices and stronger emissions
The European power spot prices surged above 180€/MWh yesterday, driven up by the sky-rocketing gas prices, higher EUAs, and the forecasts of stronger demand and…
US equities had their best week since February last week. The dovish speeches of some Fed members and the deal about the infrastructure plan in the US fueled optimism. Yet, the Fed’s preferred measure of inflation reached its highest level since 1992 in May and the delta variant keeps on spreading in the UK. The USD rebounded after having weakened significantly on Friday: the EUR/USD exchange rate is trading around 1.1930 after a peak at 1.1975 on Friday.
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