Emissions and power prices rebounded on gas reversal
The European power spot prices continued to drop yesterday on expectations of stronger renewable production and weaker demand. Prices in Germany, France, Belgium and the…
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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