Prices resumed their uptrend
After taking a breather on Wednesday, European gas prices resumed their uptrend yesterday, still supported by tight fundamentals. Indeed, Russian supply remained weak yesterday, averaging…
Purchasing managers’ indices continue to be close or at historical highs in the manufacturing industry, pointing to strong growth in this sector. The small decline in the US ISM only shows that activity has ceased to accelerate in April. Bond yields are marginally down and the USD is rather stable: the EUR/USD exchange rate is trading in a narrow range around 1.2030.
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