EMEA > Euro Markets: EUAs shrug off weak gas to rally a second day on auction pause and another cut in fund shorts

Euro Markets: EUAs shrug off weak gas to rally a second day on auction pause and another cut in fund shorts

Published 17:15 on May 8, 2024  /  Last updated at 17:15 on May 8, 2024  / Alessandro Vitelli /  EMEA, EU ETS, UK ETS

European carbon prices rose steadily on Wednesday, ignoring weakness in gas as traders bought in anticipation of a pause in the auction programme for the next two days, while the weekly positions data showed investment funds adding to their bullish bets for a second week, while trimming their short positions moderately.
European carbon prices rose steadily on Wednesday, ignoring weakness in gas as traders bought in anticipation of a pause in the auction programme for the next two days, while the weekly positions data showed investment funds adding to their bullish bets for a second week, while trimming their short positions moderately.


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