Euro Markets: EUAs set new six-month high as traders dismiss impact of REPowerEU auction vote

16/02/2023
European front-December carbon recorded its second-highest ever settlement price after rising to its highest in six months on Thursday, as traders shrugged off the bearish impact of the looming additions to auction supply under the REPowerEU plan that was approved this week, while energy markets eased off after two days of increases.
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