Rangebound day for EUAs ahead of the compliance deadline
The forecasts of lower temperatures and weaker renewable production supported the power spot prices in north western Europe yesterday which rose just above the clean…
The ECB meeting had little impact on markets. The reduction in bond purchases was not even discussed Mrs. Lagarde said. The European markets welcomed the news, but Wall Street plunged after a Bloomberg news according to which a big tax hike on capital gains is included in the next economic package of the White House. The EUR/USD exchange rate keeps on, testing 1.20, but remains above that level this morning. Preliminary PMIs will be the main economic reports today.
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