EMEA > Euro Markets: EUAs give up early advance, fall to lowest settlement in 10 months as bears hold firm

Euro Markets: EUAs give up early advance, fall to lowest settlement in 10 months as bears hold firm

Published 17:13 on November 3, 2023  /  Last updated at 22:40 on November 3, 2023  / /  EMEA, EU ETS, UK ETS

European carbon prices underwent a gradually steeper decline over Friday to give up almost all of the previous session's €3 rally, as bears gained in confidence despite technical signals that raised the prospect of a potential bullish reversal, while the main energy markets were mixed after news from the Middle East suggested the current conflict in Gaza might not widen in the region.
European carbon prices underwent a gradually steeper decline over Friday to give up almost all of the previous session's €3 rally, as bears gained in confidence despite technical signals that raised the prospect of a potential bullish reversal, while the main energy markets were mixed after news from the Middle East suggested the current conflict in Gaza might not widen in the region.


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