Power and carbon prices rose alongside the gas market
The power spot prices edged down in northwestern Europe yesterday, pressured by forecasts of better French nuclear availability and sharply rising wind output, despite higher…
US inflation reached 5% in May, its core component touching its highest level since 1992 at 3.8%. Yet, the market remains convinced this is only temporary. The Fed will meet next week, but the ECB announced it would prolong its extra purchases of bonds, which reinforced the market’s conviction that the Fed would also keep a dovish stance. The US 10y bond yield has fallen below 1.45%. The EUR/USD exchange rate is almost stable, below 1.22.
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