Carbon and power prices extended Friday’s rally to hit new record
The power spot prices rose yesterday in northwestern Europe, buoyed by forecasts of weaker wind output and stronger consumption, although improved French nuclear availability expected…
On the other hand, the rebound in industrial activity is confirmed in Germany, with bottlenecks in the automobile sector easing.
To be followed today, the ZEW survey in Germany and the latest estimate of GDP growth in the euro zone in Q2 (+2% q/q for the moment). Still nothing from the US despite the reopening of the markets. The EUR/USD exchange rate is fairly stable around 1.1870 while waiting for the ECB meeting.