Carbon and power prices retreated on weaker energy complex and mild weather forecasts
The European power spot prices were mixed on Tuesday. While German prices eroded 2.65€/MWh to 52.68€/MWh, the French and Belgian prices rose significantly to respectively…
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.