EUA extended their bullish trend towards 50€/t on further speculative buying
As expected, the power spot prices dropped in north western Europe yesterday as the wind output is forecasted to surge today. Prices reached 33.33€/MWh on…
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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