Euro Markets: EUAs climb 2.7% as bullish sentiment spreads, while UKAs advance 6.5% on rising linking optimism

European carbon prices recovered after an initial decline in response to the United States' rejection of Iran's latest peace proposal over the weekend, and made strong gains in the afternoon as positive fundamental sentiment began to spread amongst traders, while UKAs also jumped to a three-month high as hopes for an EU-UK market linkage were boosted ahead of this week's King's Speech.