EUAs climbed above 35€/t on lack of supply and cold weather forecasts
Forecasts of soaring wind output strongly pressured the European power spot prices for today which dropped by 24.40€/MWh from Friday in Germany, France, Belgium and…
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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