Euro Markets: EUAs give up early gains as traders adopt wait-and-see tactic

Published 17:38 on October 17, 2022  /  Last updated at 17:44 on October 17, 2022  /  EMEA, EU ETS, UK ETS  /  No Comments

EUAs continued to consolidate in their recent channel on Monday despite a weak auction, as traders maintained a watching brief for news on the EU's REPowerEU initiative while energy prices weakened as the bloc's gas reserves continue to rebuild ahead of their mandated pace.

EUAs continued to consolidate in their recent channel on Monday despite a weak auction, as traders maintained a watching brief for news on the EU’s REPowerEU initiative while energy prices weakened as the bloc’s gas reserves continue to rebuild ahead of their mandated pace.

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