Euro Markets: EUAs post 6% weekly loss as auction-fuelled morning rally fades amid selling pressure

Published 17:22 on November 4, 2022  /  Last updated at 20:01 on November 4, 2022  /  EMEA, EU ETS, UK ETS  /  No Comments

European carbon recovered solidly on Friday morning and flirted with a key technical level after a second successive strong auction result triggered buying, while energy markets were left unimpressed by a cut in nuclear output forecasts in France.

European carbon posted a marginal gain on Friday after an early rally, underpinned by a second strong auction, was steadily given back in the afternoon to leave the market with a 6% week-on-week loss, while energy markets were left unimpressed by a cut in nuclear output forecasts in France.

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