EMISSIONS: 235 Operators Will Be Considered to be Hospital or Small Emitters

Oct-17 08:45

A total of 235 UK operators will be considered to be classified as hospital or small emitters (HSE) for the 2026–2030 period and will be exempt from participation in the UK ETS, according to the latest UK data.

  • An operator can apply as HSE if they emit less than 25k tonnes CO2e annually and have a total rated thermal input of less than 35 megawatts (MW).
  • HSE must ensure that its reportable emissions do not exceed that year’s emissions target.
  • The total emissions target across all HSEs for 2026 is set at 2.1 million tonnes CO2e, with an average emissions reduction rate of 4.5% by 2030.

Historical bullets

EQUITIES: Lower On Suggestion China Pushes Tech Cos To Cease Nvidia Chip Buying

Sep-17 08:44

E-minis offered after as an FT sources report notes that "China’s internet regulator has told the country’s biggest technology companies to stop buying all of Nvidia’s artificial intelligence chips and terminate their existing orders, as Beijing steps up efforts to boost its homegrown semiconductor industry and compete with the US".

  • S&P 500 e-minis through yesterday's low, breaking 6,660. Initial support comes in at the 20-day EMA (6,559.62).
  • Nvidia shares now indicated 1.1% lower pre-market.
  • Prior reporting had suggested that Chinese firms were not satisfied with the Nvidia chip offering available to them, while Chinese regulatory scrutiny of Nvidia has stepped up in recent days.

FED FUNDS FUTURES: FFF6/G6 Lifted

Sep-17 08:29

FFF6/G6 paper paid -12.0 on ~3.9K.

EGB FUNDING UPDATE: Netherlands DSTA Q4 Funding Update

Sep-17 08:21
  • The DSTA has reiterated its issuance target of E40bln on capital markets. The total borrowing requirement has been lowered by E1.8bln due to a lower expected cash deficit.
  • The DSTA will hold three DSL auction in Q4: E2.0-2.5bln of the on-the-run 10-year 2.50% Jul-35 DSL (ISIN: NL0015002F72) on 11 November. There will also be two auctions of existing DSLs held on 14 October and 25 November.
  • The six usual DTC auction dates will all be utilised and see both short-dated and longer-dated DTCs on offer at each.
  • The DSTA will release its 2026 outlook on Friday 12 December.