EUA prices continued to rally
NWE spot baseload power prices were up yesterday, to €110.078/MWh on average for today delivery (compared to €107.720/MW for Monday), supported by expectations of lower…
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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