Mixed sentiment on financial markets

Mixed sentiment on financial markets to start this week. US equities ended last week at record-high levels but volatility was high after a big family office was forced by its creditors to sell $20bn of shares. The situation remains uncertain in Europe, where a strong acceleration in vaccination campaigns is expected from April. Joe Biden is expected this week to unveil the main details of its long-term plan aimed at boosting the US growth potential by addressing key problems such as the poor state of public transportation infrastructure. The EUR/USD exchange rate is trading near 1.1780 and may fall further.

In China, industrial profits surged higher in January an February: +178.9% compared to the same period of last year. This is still due to a huge basis effect linked to the pandemic. 

strong-rebound-china-industry
Share this news :

You might also read :

ES-power
June 18, 2021

EUAs traded rangebound after an early weakness

The European power spot prices remained overall stable yesterday as the expectations of increased French nuclear generation offset the forecasts of slightly weaker wind and…
ES-gas
May 19, 2021

Sharp drop in European prices

European gas prices dropped significantly yesterday, both on the spot and the curve. With spot fundamentals almost unchanged, the bearish movement seems to have been…
Join EnergyScan

Get more analysis and data with our Premium subscription

Ask for a free trial here

Subscribe to our newsletter

Don’t have an account yet? 

[booked-calendar]