Power prices posted moderate gains on lower Russian gas supply
The European power spot prices remained stable and just below the clean gas costs yesterday as the expectations of lower demand were offset by forecasts…
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At the same time, the rebound of the USD reflects both this nervousness, but also the possibility that the anticipated tightening of ECB policy will be lighter than expected.
Japanese GDP growth was revised from +0.3% to +0.5% q/q in Q2. The economic calendar is still light today. The euro is trading below USD 1.184.