EMEA > Euro Markets: EUAs give up week’s gains despite strong auction as COT shows funds rebuilding shorts

Euro Markets: EUAs give up week’s gains despite strong auction as COT shows funds rebuilding shorts

Published 17:21 on April 10, 2024  /  Last updated at 17:34 on April 10, 2024  / /  EMEA, EU ETS, UK ETS

European carbon prices fell back after a strong opening, giving up most of this week's gains as traders absorbed data showing that speculative investors had continued building bearish bets last week, as they shrugged off the biggest premium in a daily auction for two weeks, while energy markets snapped a four-day winning streak.
European carbon prices fell back after a strong opening, giving up most of this week's gains as traders absorbed data showing that speculative investors had continued building bearish bets last week, as they shrugged off the biggest premium in a daily auction for two weeks, while energy markets snapped a four-day winning streak.


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