Euro Markets: EUAs end 1% higher amid thin market and lack of direction, with traders waiting for September

EU carbon allowances continued to trade near a key technical support level as the market ploughed through the depths of the summer holiday lull, with a brief mid-afternoon burst of buying being all that was required to move prices nearly 1% higher on the day, as those traders still at their desks bemoaned a lack of direction and thin volume.