Euro Markets: EUAs shrug off early 10-month low to post modest gain, as Thursday selloff seen “overdone”

EU carbon prices recovered from an initial drop to a new 10-month low to post a modest gain on the day, as a largely quiet market absorbed Thursday's heavy fall with developments in Iran continuing to draw most of the attention, while speculation grew ahead of next week's leaders summit where conversation is expected to include short-term measures to reduce the impact of EUA costs on industry.