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CARBON (€/T) THUFRI VAR D-1 VAR W-1AVG.MAXMIN 12/313/3FROM THE BEGINNING OF THIS YEARCO2 EUA DEC 202668.73 69.160.43-1.4179.6192.2468.73CO2 EUA DEC 202771.04 71.480.44-1.381.8894.8071.04CO2 EUA DEC 202873.44 73.910.47-1.2384.4397.7373.28CO2 EUA DEC 202976.12 76.650.53-1.1587.37101.0475.83UK ETS DEC 26 EUR 46.11 45.71-0.4-0.5364.6584.0244.91UK ETS DEC 27 EUR 48.25 47.84-0.41-0.6167.4687.6147.26UK ETS DEC 28 EUR 50.74 50.32-0.42-0.6170.6491.4649.74European carbon markets increased on Friday after Germany signalledopposition to suspending the EU ETS. Traders also looked ahead to theleaders’ summit, where short-term measures to reduce EUA costs may bediscussed. Consequently, the EUAs expiring in Dec-2026 added 0.6% to 69.16EUR/tonne.CO2 EUAEXCHANGE RATES THUFRIVAR D-1 VAR W-1AVG.MAXMIN 12/313/3FROM THE BEGINNING OF THIS YEARRATE EUR/USD1.1547 1.1476-0.0071-0.00851.17361.19741.1476RATE EUR/GBP0.8624 0.86500.0026-0.00190.86900.87630.8616RATE GBP/EUR1.1595 1.1560-0.00350.00251.15071.16061.1412The EUR/USD pair slipped by 0.6% to 1.1476 as elevated oil prices fuelledinflation concerns, prompting traders to scale back Fed rate-cut bets andsupport the US Dollar. Despite markets fully pricing in a European Central Bank(ECB) rate hike by July, the Euro struggled for traction amid the risk of energysupply disruptions affecting Europe’s outlook.In contrast, the EUR/GBP rate gained 0.3% to 0.8650 after UK data showed theeconomy flatlined in January, with weak industrial and manufacturing output,while services growth was modest.