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CARBON (€/T) FRIMON VAR D-1 VAR W-1AVG.MAXMIN 31/10 3/11FROM THE BEGINNING OF THIS YEARCO2 EUA DEC 202578.54 81.202.663.4373.3383.9360.94CO2 EUA DEC 202680.58 83.282.73.4975.3286.3562.54CO2 EUA DEC 202782.85 85.602.753.5777.6189.0764.54CO2 EUA DEC 202885.41 88.202.793.6480.1891.9466.86UK ETS DEC 25 EUR 63.83 66.152.323.5256.8267.0437.35UK ETS DEC 26 EUR 66.67 69.072.43.6359.4570.0439.48UK ETS DEC 27 EUR 69.66 72.152.493.6962.2373.1442.14European carbon prices advanced to a near ten-month high on Monday,supported by strong buying and short-covering after weather forecasts liftedGerman power and TTF gas prices, and amid news of further German industrialelectricity support. The EUAs expiring in Dec-2025 surged by 3.4% to 81.20EUR/tonne.CO2 EUAEXCHANGE RATES FRIMONVAR D-1 VAR W-1AVG.MAXMIN 31/103/11FROM THE BEGINNING OF THIS YEARRATE EUR/USD1.1554 1.1514-0.004-0.01261.12381.18371.0198RATE EUR/GBP0.8816 0.8765-0.00510.00440.85320.88160.8253RATE GBP/EUR1.1343 1.14090.0066-0.00581.17251.21171.1343The EUR/USD pair declined by 0.4% to 1.1514, with the US Dollar supportedby the Fed’s cautious stance after last week’s 25-basis-point rate cut. Moreover,the US Manufacturing PMI rose to 52.5 in October from 52 in September,marking three consecutive months of expansion.Meanwhile, the EUR/GBP rate lost 0.6% to settle at 0.8765, as a stronger-than-expected UK Manufacturing PMI boosted the GBP. October’s final UK PMI wasrevised up to 49.7 from 49.6, showing improvement from September’s 46.2,though still in contraction territory.

