Rebound in European spot prices
European spot gas prices rebounded yesterday, wiping out some of their Friday losses. Prices on the curve were more mixed as the impact of the…
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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