EMEA > Euro Markets: EUAs burst into life to post biggest daily gain in six weeks on options, speculative trade

Euro Markets: EUAs burst into life to post biggest daily gain in six weeks on options, speculative trade

Published 18:20 on July 2, 2024  /  Last updated at 00:18 on July 3, 2024  / Alessandro Vitelli /  EMEA, EU ETS, UK ETS

European carbon allowances exploded higher on Tuesday afternoon, dragging energy markets with them after a largely unchanged morning, as heavy options trading and hedging appeared to drive speculative buying and trigger stop-losses among some short positions to give EUAs their biggest daily gain in six weeks.
European carbon allowances exploded higher on Tuesday afternoon, dragging energy markets with them after a largely unchanged morning, as heavy options trading and hedging appeared to drive speculative buying and trigger stop-losses among some short positions to give EUAs their biggest daily gain in six weeks.


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