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Markets record a significant drop - 07-07-2021

I would not say it was quite a crash, but the markets tumbled big time yesterday, a rarity in 2021! The drop effectively resets the markets back to the beginning of the month. Context: Carbon prices dropped nearly 5 euros yesterday, with such strong recent gains, participants may have been cashing out on high profit margins. Apart from that, there was a sense the wholesale markets were overheated at its valuation.