Euro Markets: EUAs erase early losses on Parliament vote as energy gets US inflation boost

Published 17:06 on November 10, 2022  /  Last updated at 18:56 on November 10, 2022  /  EMEA, EU ETS, UK ETS  /  No Comments

EUAs rallied on Thursday after an early fall that saw prices tumble by more than €2 in less than an hour, as traders reacted the European Parliament's vote on proposals to sell allowances to fund the bloc's transition away from fossil fuels, while bullish US inflation data drove energy markets higher.

EUAs rallied on Thursday after an early fall that saw prices tumble by more than €2 in less than an hour, as traders reacted the European Parliament’s vote on proposals to sell allowances to fund the bloc’s transition away from fossil fuels, while bullish US inflation data drove energy markets higher.

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