Carbon prices extended their bullish trend to new record price
The forecasts of strong renewable production offset the expectations of higher power demand induced by the falling temperatures and pressured the European power spot prices…
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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