EUAs climbed to new 2022 high on bullish equities
The surging wind production continued to pressure the European power spot prices yesterday, with the German price presenting the largest losses by falling by 114.27€/MWh…
The impact of the Fed meeting is still being felt in the markets: inflation expectations have crashed (see the Graph of the day) and bond yields have followed, the US 10y falling below 1.4% overnight. The USD continued to strengthen. The EUR/USD pair plunged below 1.19. In parallel, equities plunged as well. This is the whole reflation trade that seems to be called into question.
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