Record wind generation weighs on spot prices, curve up on rising gas prices
Spot and curve power prices took opposite paths on Friday, with mild and extremely windy weather weighing on short-term maturities whereas lingering geopolitical concerns over…
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.