EMEA > Euro Markets: EUAs wipe out Monday losses amid technical bounce ahead of auction pause

Euro Markets: EUAs wipe out Monday losses amid technical bounce ahead of auction pause

Published 17:20 on July 23, 2024  /  Last updated at 17:37 on July 23, 2024  / Alessandro Vitelli /  EMEA, EU ETS, UK ETS

European carbon prices wiped out most of Monday's losses despite lower than average trading activity on Tuesday, as traders looked ahead to a pause in the auction programme on Wednesday, while analysts pointed to a technical rally after Monday's 2.4% drop and some participants also speculated that the market may have reached an interim floor.
European carbon prices wiped out most of Monday's losses despite lower than average trading activity on Tuesday, as traders looked ahead to a pause in the auction programme on Wednesday, while analysts pointed to a technical rally after Monday's 2.4% drop and some participants also speculated that the market may have reached an interim floor.


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