EUAs climbed above 52€/t with support from the bullish gas market
The power spot prices were mostly stable in northwestern Europe yesterday, remaining just below the clean gas costs as the contracts were torn between forecasts…
Equity markets rebounded, bond yields edged down and the USD weakened: the impact of the Fed minutes has evaporated or maybe the markets are relieved to see the Fed starting to face up to the inflationary risk as long as the economic recovery is being confirmed. Preliminary PMIs will be released today. The bad Japanese figures should not set the trend. The EUR/USD exchange rate is trading close to its February’s high, near 1.2240.
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