Prices down on bearish fundamentals
European gas prices dropped yesterday, pressured by mild weather, ongoing strong LNG supply and rebound in pipeline flows. Indeed, Russian supply rebounded yesterday, averaging 231…
US bond yields weakened on Thursday as US employment data showed signs of a cooling US labour market. US 10Y treasury yields touched 1.67%, 7 basis points below Wednesday. Very strong US manufacturing data boosted growth expectations, with the Dow Jones rising by 1.2%. Japan’s Nikkei also rose by 0.6%. European indices grew similarly by about 0.6%.
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