EU refiners maintain operations despite natural gas prices
Crude prices rallied above 73.5 $/b at the prompt as European diesel cracks rallied in the wake of TTF prices reaching 180 EUR/MWh, which means…
The USD is weakening quickly, as market participants expect the minutes of the last FOMC meeting to confirm the Fed’s willingness to tolerate a temporary surge in inflation. US equities posted losses for the second day in a row, but the bond market remained rather unchanged, with the US 10y around 1.64%. UK price data released this morning showed the inflation rate more than doubled in April, in line with expectations, but strong PPI figures point to further acceleration. Non-essential shops, cinemas, museums and café and restaurant terraces reopen today in France.
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