EUAs and power prices tracked the early gains and following retracement of the gas market
The European power spot prices soared above 200€/MWh for today, lifted by forecasts of stronger power demand following yesterday’s public holiday and a drop in…
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.