ICE data showed near-month Dutch wholesale power rose 5.45% to €46.57/MWh.

CNN, citing three people, says U.S. Defense Secretary Hegseth plans his first visit to Israel since taking office on Wednesday. Sources say it is unclear whether recent U.S. strikes on Iran would affect the trip. Hegseth is expected to meet Prime Minister Netanyahu and Defense Minister Katz to address Israeli concerns about a possible U.S. sale of F-35 stealth fighters to Turkey, a proposal raised by Trump at the NATO summit. Israel remains the only Middle Eastern operator of F-35s.

RBNZ raised rates as expected on Wednesday and said policy must be gradually returned to neutral, while adding further hikes are possible but timing is highly uncertain. Capital Economics economist Abhijit Surya says the bank's caution aligns with his view that the official cash rate (OCR) will be raised roughly every other meeting, peaking at 3.25% by end-2027.