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Why MNI
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of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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MNI US MARKETS ANALYSIS - EUR Steadies Ahead of ECB
French Nuclear Availability Recovers
French nuclear output exceeded 40GW for the first time in nine months this weekend, as EdF ramped up production at several reactors.
- French nuclear output peaked at 41.2GW on Monday morning, data from entso-e show.
- The head of the country's CRE energy watchdog had said on Friday that France's nuclear fleet was expected to reach a production capacity of 40 GW "next month", according to Reuters.
- EDF has faced an unprecedented number of outages at its reactors this year, reducing nuclear output to a 30-year low, just as Russia's war on Ukraine hit Europe's energy supplies.
- Increased nuclear availability will weigh on France’s power prices, that have been supported by a cold snap. The French Epex Spot base-load index closed at €465.49/MWh for Monday Delivery.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.