EU Market: EUAs hit 2-week high on Parliament vote, but give back gains

Published 20:36 on October 7, 2020  /  Last updated at 21:07 on October 14, 2020  /  EMEA, EU ETS  /  No Comments

EUAs surged more than 4% to a two-week high early Wednesday on news the European Parliament backed a stronger-than-expected 2030 climate target, but they gave back all those gains over the course of the day on profit-taking, a weak auction result, and Brexit uncertainty, traders said.

EUAs surged more than 4% to a two-week high early Wednesday on news the European Parliament backed a stronger-than-expected 2030 climate target, but they gave back all those gains over the course of the day on profit-taking, a weak auction result, and Brexit uncertainty, traders said.

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