EMEA > Euro Markets: EUAs post 4% weekly gain, shrug off equity falls as technical support holds firm

Euro Markets: EUAs post 4% weekly gain, shrug off equity falls as technical support holds firm

Published 17:19 on August 2, 2024  /  Last updated at 20:23 on August 2, 2024  / /  EMEA, EU ETS, UK ETS

European carbon prices posted a second weekly gain despite a moderate decline on Friday, as profit-taking and a weaker macro environment met technical buying above a key support level, while energy markets weakened slightly after a strong series of gains driven by emerging concerns over supply.
European carbon prices posted a second weekly gain despite a moderate decline on Friday, as profit-taking and a weaker macro environment met technical buying above a key support level, while energy markets weakened slightly after a strong series of gains driven by emerging concerns over supply.


A Carbon Pulse subscription is required to read this content. Subscribe today to access our unrivalled news and intelligence, as well as our premium content including all job listings. Click here for details.

We offer a FREE TRIAL of our subscription service and it only takes a minute to register. If you already have a Carbon Pulse account, log in here.