Euro Markets: EUAs zoom to 10-week high as buyers return in force while UKAs also set 11-week peak

EU carbon allowances climbed to their highest in 10 weeks on Monday, as traders kicked off September on a more positive note after weeks of rangebound prices, while natural gas and German power also zoomed higher despite Europe's gas storage levels reaching 76% ahead of the Nov. 1 deadline to achieve 80%, and UKAs advanced to their most in 11 weeks.