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CARBON (€/T) MON TUE VAR D-1 VAR W-1AVG.MAXMIN 13/414/4FROM THE BEGINNING OF THIS YEARCO2 EUA DEC 202672.59 74.872.283.3677.0492.2463.65CO2 EUA DEC 202775.16 77.412.253.2179.3994.8065.92CO2 EUA DEC 202877.80 80.102.33.1881.9497.7368.21UK ETS DEC 26 EUR 50.08 53.873.796.7259.0684.0240.13UK ETS DEC 27 EUR 52.66 56.513.856.8161.7687.6142.32UK ETS DEC 28 EUR 55.33 59.283.956.9364.7691.4644.79European carbon prices strengthened on Tuesday, surpassing a key technicalthreshold and hitting a two-month peak, supported by improved financial marketsentiment on hopes of an imminent end to the conflict. Consequently, the EUAsexpiring in Dec-2026 rose by over 3% to 74.87 EUR/tonne.CO2 EUAEXCHANGE RATES MONTUEVAR D-1 VAR W-1AVG.MAXMIN 13/414/4FROM THE BEGINNING OF THIS YEARRATE EUR/USD1.1684 1.17930.01090.02361.16901.19741.1476RATE EUR/GBP0.8706 0.8691-0.0015-0.00350.86880.87630.8616RATE GBP/EUR1.1487 1.15060.00190.00461.15101.16061.1412Despite continued US military restrictions on Iranian ports, reports that US andIranian teams may resume peace talks lifted risk sentiment on Tuesday,weakening the US dollar.As a result, the EUR/USD pair rose by 1% to 1.1793 while the EUR/GBP rateslipped to 0.8691. Markets also awaited speeches from ECB PresidentChristine Lagarde at the IMF forum and BoE Governor Andrew Bailey atColumbia University.