EMEA > Euro Markets: Prices make largest gain in a month as speculation grows over end to downward pressure

Euro Markets: Prices make largest gain in a month as speculation grows over end to downward pressure

Published 17:18 on November 9, 2023  /  Last updated at 01:12 on November 10, 2023  / Alessandro Vitelli /  EMEA, EU ETS, UK ETS

European allowance prices posted their largest daily gain in more than four weeks on Thursday as the market broke out of its recent range, with traders speculating whether the recent price decline driven by short selling has come to an end, while energy prices rose on a combination of colder weather and lower renewable generation.
European allowance prices posted their largest daily gain in more than four weeks on Thursday as the market broke out of its recent range, with traders speculating whether the recent price decline driven by short selling has come to an end, while energy prices rose on a combination of colder weather and lower renewable generation.


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