Prices weakened again on the spot and the near curve
European gas spot and near curve prices weakened again yesterday, pressured by the drop in Asia JKM prices (-3.30% on the spot, to €78.098/MWh, -1.69%…
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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