Page 80 - Demo

CARBON (€/T) TUE WED VAR D-1 VAR W-1AVG.MAXMIN 24/325/3FROM THE BEGINNING OF THIS YEARCO2 EUA DEC 202671.22 70.74-0.484.8778.0392.2463.65CO2 EUA DEC 202773.76 73.26-0.55.1280.3394.8065.92CO2 EUA DEC 202876.28 75.78-0.55.3282.8697.7368.21CO2 EUA DEC 202979.04 78.54-0.55.5285.76101.0470.83UK ETS DEC 26 EUR 44.96 43.89-1.071.3161.7484.0240.13UK ETS DEC 27 EUR 47.24 46.34-0.91.5664.4887.6142.32UK ETS DEC 28 EUR 49.70 48.80-0.91.5567.5691.4644.79Carbon markets in Europe softened on Wednesday following a notable declinein speculative length, with investment funds reducing net long EUA positions by6.2m tonnes to 32.8m tonnes, the lowest in nearly seven months, according toICE. Consequently, the EUAs expiring in Dec-2026 edged 0.7% lower at 70.74EUR/tonne.CO2 EUAEXCHANGE RATES TUEWEDVAR D-1 VAR W-1AVG.MAXMIN 24/325/3FROM THE BEGINNING OF THIS YEARRATE EUR/USD1.1572 1.15920.0020.00921.17131.19741.1476RATE EUR/GBP0.8654 0.86560.00020.00170.86850.87630.8616RATE GBP/EUR1.1555 1.1553-0.0002-0.00221.15141.16061.1412The EUR/USD pair added 0.2% to 1.1592, as hopes for a U.S.-led diplomaticsolution in the Middle East boosted risk sentiment. Bloomberg reported thathigh-level peace talks with Iran could take place as soon as Thursday, thoughTehran has yet to respond.The EUR/GBP rate held at 0.8656 as investors balanced Eurozone inflationconcerns against mixed UK and German data. ECB warnings of higher short-term inflation and forward-looking pressures keep the cross in a narrow range.