Euro Markets: EUAs record biggest weekly rise since May as gas-driven market consolidates gains

European carbon allowances posted the largest weekly increase in nearly six months, advancing 7.5% in five days as prices consolidated the gains made over the previous two sessions in line with gas prices reaching a two-month high, while traders speculated that the recent rally from the €60.00 level may have signalled the bottom of the market for the rest of the year.