Euro Markets: EUAs stretch losing streak to five days as market digests speedy MSR sale proposal

Published 17:20 on September 8, 2022  /  Last updated at 17:20 on September 8, 2022  /  EMEA, EU ETS, UK ETS  /  No Comments

EUAs tumbled for a fifth consecutive day, reaching a new six-month low as the market reacted to a proposal by the largest bloc in the European Parliament to fast-track sales of EUAs from the market stability reserve, while energy prices wiped out early losses as ministers prepared to discuss emergency relief measures for consumers facing soaring power and gas costs.

EUAs tumbled for a fifth consecutive day, reaching a new six-month low as the market reacted to a proposal by the largest bloc in the European Parliament to fast-track sales of EUAs from the market stability reserve, while energy prices wiped out early losses as ministers prepared to discuss emergency relief measures for consumers facing soaring power and gas costs.

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