Markets continue to adjust to the new interest rate scenario
Central bank rate cuts: hope revives, but caution remains Macro & Oil #97 A consensus seems to be forming in favour of a general cut…
The European power spot prices remained stable yesterday amid forecasts of mostly unchanged renewable production and power demand. Prices reached 77.86€/MWh in Germany, France, Belgium and the Netherlands, -0.69€/MWh day-on-day.
The EUAs traded rangebound just above 53.20€/t for most of the day on Thursday, but managed to post slight gains at the end of the session before settling at 53.78€/t, +0.27€/t day-on-day.
Lifted by the rising underlying gas prices, the power prices extended moderate gains along the curve yesterday.
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