EUAs posted significant gains on bullish wider markets
The European power spot prices retreated yesterday as forecasts of rapidly surging wind output pressured the market. The day-ahead prices averaged 239.81€/MWh in Germany, France,…
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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.