Euro Markets: EUAs snap 3-day losing streak after positive auction and late short-squeeze

Published 18:09 on September 1, 2022  /  Last updated at 18:34 on September 1, 2022  /  EMEA, EU ETS, UK ETS  /  No Comments

EUAs snapped a three-day, 13% losing streak on Thursday after sliding to a one-month low in early trading as the market awaited the resumption of full auction volumes, before a better-than-expected sale rallied sentiment and triggered a late short squeeze that erased all of Wednesday's losses.

EUAs snapped a three-day, 13% losing streak on Thursday after sliding to a one-month low in early trading as the market awaited the resumption of full auction volumes, before a better-than-expected sale rallied sentiment and triggered a late short squeeze that erased all of Wednesday’s losses.

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