Screenshot 2022-02-07 at 15.47.56

16 mei 2022

EU ETS Market Outlook: 16/05/2022

This week EUA demand should remain strong, so we expect EUAs to maintain the current bullish trend. The European Commission is setting a path for gas buyers to be able to buy Russian gas without…

Read article


13 mei 2022

AFS Morning Comment May 13 2022

Meanwhile in markets, the relief rally in bonds masks a very important development that could help explain the continued weakness in equities etc. And that is the increase in real rates. For the week US…

Read article


12 mei 2022

AFS Morning Comment May 12 2022

In today’s Comment we will (relatively briefly) discuss why we are not about to have a rerun of the 1970s stagflation or a Volcker-like central bank response to stamp out inflation. That is not to…

Read article

Screenshot 2022-02-07 at 15.47.56

9 mei 2022

EU ETS Market Outlook: 09/05/2022

In spite of Monday’s price losses, we believe the current high prices are fundamentally supported and further price losses may be limited. A drop to the €80-85 level is possible but shouldn’t be counted on…

Read article


AFS Morning Comment May 9 2022

Meanwhile in markets, there is no reprieve yet for bonds, equities credit and all other currencies except the mighty old dollar as Fed-speakers aren’t backing away from further tightening in the face of economic weakness….

Read article


6 mei 2022

AFS Morning Comment May 6 2022

Meanwhile in markets, more pain for equities, credit and peripheral bonds while the dollar and commodities remain on a tear. Furthermore, Fed Chair Powell’s attempt of putting policy on auto-pilot for a few months and…

Read article