Late but strong rebound of EUAs amid surging US equities
The Power spot prices rose further up in northwestern Europe yesterday, pushed by the forecasts of weaker wind production and colder temperatures. The prices in…
No big thing yesterday on financial markets but a gradual increase in bond yields that seems to reflect caution ahead of key economic reports in the US, to begin with CPI data today. The surge in Chinese exports and imports on a yoy basis in March reflects basis effects: we are entering a period during which it will be very difficult to draw anything from activity indicators. The EUR/USD exchange rate is still trading slightly below 1.19.
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