RENEWABLES: CWE Morning Wind Forecast
See the latest CWE morning forecast for base-load hours starting this morning for the next seven days. CWE wind generation is anticipated to reach as low as a 10% load factor next week on 17 December before rebounding sharply the next day.
CWE wind output for 13-19 December:
- 13 December: 14.07GW
- 14 December: 28.64GW
- 15 December: 38.42GW
- 16 December: 18.79GW
- 17 December: 11.72GW
- 18 December: 34.37GW
19 December: 28.93GW
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GILTS: Opening Calls
Gilt calls, 93.76/93.81.
EQUITIES: EU Cash Opening Calls - Set for New record high
The Attention turns to the European Cash Equities, Cash Estoxx (SX5E) is set to gap to a new all time record high.
The Banking Index (SX7E) already broke the 2009 high of 242.85 Yesterday after printing a 243.95 high, the best achieved level since October 2008.
There isn't much in terms of resistance at current level until the next Psychological level of 250.00.
- Calls: Estox 50: +0.64%, Dax: +0.83%, CAC: +0.56%, FTSE +0.27%, SMI +0.64%.
The Chart below is Pre Cash Open.
(Chart source: MNI/Bloomberg Finance LP).
GILT SYNDICATION: 1.75% Sep-38 linker preview
- There will only be one DMO operation this week with the syndicated tap of the 1.75% Sep-38 linker on offer with a transaction expected today.
- The last two conventional syndications in September and October of the new 10-year 4.75% Oct-35 gilt and long 15-year 5.25% Jan-41 gilt have both seen very strong demand.
- The syndication before that was the launch of the 1.75% Sep-38 linker for GBP5.5bln nominal on 10 June.
- This was also a very well received syndication with books of GBP61.3bln and pricing at the tighter end of guidance at the 1.125% Nov-37 linker plus 11.75bp.
- We expect to see further strong demand, albeit with books potentially a little smaller and a transaction size that is similar or marginally smaller at GBP4.5-5.5bln.
- Timing: Books are expected to open at either 8:30GMT or 9:00GMT and then to remain open for an hour. The syndication size will then likely be confirmed around 20-60 minutes after books close with pricing expected around lunchtime.
