Power prices hit new records amid spiking gas prices and stronger emissions
The European power spot prices surged above 180€/MWh yesterday, driven up by the sky-rocketing gas prices, higher EUAs, and the forecasts of stronger demand and…
Equity markets remain on an upward trend and bonds are trading near their recent highs (yields near their lows). A key consumer survey showed lower inflation fears in the US, but the series is volatile and inflation should remain the key issue for a while. There is a Fed meeting this week, the big question being to know whether a discussion about reducing bond purchasing will effectively start of being postponed again. The USD has strengthened against the euro, the EUR/USD exchange rate testing 1.21. Indeed, the ECB already answered the question: it is too soon to remove extra purchases of bonds decided in March.
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