Euro Markets: Midday Update

Published 12:08 on July 14, 2026 / Last updated at 12:08 on July 14, 2026 / / EMEA (Compliance Markets & Taxes, Europe)

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European carbon surged after Tuesday morning's auction as anticipation of Friday's ETS reform package continued to drown out other market signals, including a further ratcheting up of the conflict in the Persian Gulf and rising European power prices.
European carbon surged after Tuesday morning's auction as anticipation of Friday's ETS reform package continued to drown out other market signals, including a further ratcheting up of the conflict in the Persian Gulf and rising European power prices.


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