POWER: German Renewable Lobby Calls to Keep Res Targets
Jan-07 13:43
German renewables lobby BEE has called on the German government to keep existing renewable energy targets in place as part of the amendment to the German Renewable Energy Act (EEG), it said in a position paper.
- The group has also demanded to establish decentralised energy systems and to potentially introduce CfDs for renewable auctions.
- Germany is planning to present amendments to the existing EEG law his year.
- Germany’s Chancellor Friedrich Merz said last year he agrees with economy minister Katherina Reiche to slightly slow down the pace of the country’s renewable expansion to focus on building new gas-fired power plants.
- Reiche said previously that Germany could slightly lower its renewable ambitions after the monitoring report, commissioned by the government, suggested German power demand is expected to increase at a slower pace than previously expected.
Want to read more?
Find more articles and bullets on these widgets:
Historical bullets
FOREX: Scotia Point to Significant CAD Narrative Shift, JPM Remain Bearish
Dec-08 13:43
- USDCAD has printed 1.3800 in recent trade, moderately extending the impressive move lower following Friday's employment report. Despite the recent breakout, Scotiabank and JPM have differing views over the devlopments for the Canadian dollar.
- While Scotiabank acknowledge the latest employment data was not entirely positive; they believe the latest trends point to a significant narrative shift for the CAD after a prolonged period of tariff-driven doldrums. Consequently, Scotia highlight that markets have moved quickly to price in the start of the BoC tightening cycle late next year, which has been Scotia’s base case view for some time.
- Scotia point out that USDCAD is trading very close to their fair value estimate (1.3801) today and expect the CAD to remain well-supported on minor dips.
- Meanwhile, JP Morgan highlight that their desk saw significant CAD demand from real money, hedge funds, and systematic accounts, with Friday’s move seeing decent follow through given CAD shorts remain a widely held position.
- However, JPM are not turning bullish at this stage and instead plan to use this move as an opportunity to buy USDCAD topside into next year, which they will continue to use as a funder to EM FX longs.
US TSY FUTURES: BLOCK: Mar'26 30Y Ultra Bond Sale
Dec-08 13:38
- -1,800 WNH6 118-14, sell through 118-15 post time bid at 0759:39ET, DV01 $333,800.
- The 30Y ultra contract trades 118-18 last (-3).
GLOBAL POLITICAL RISK: Week Ahead 8-14 December
Dec-08 13:34
Download Full Report Here
(MNI) London – All timings are subject to change.
Monday 8 December:
- Ukraine: President Volodymyr Zelenskyy is in London for talks with the leaders of the E3 countries (France, Germany, the UK). The four leaders are due to discuss the framework peace deal that the US claims is in its final stage of finessing, but neither Moscow nor Kyiv have indicated their acceptance. Speaking on 7 December, US President Donald Trump claimed “Russia is, I believe, fine with [the deal], but I’m not sure that Zelenskyy’s fine with it. His people love it. But he isn’t ready.” As well as his meeting with the E3 leaders, Zelenskyy will travel to Brussels for talks with the presidents of the European Commission and European Council, and NATO Secretary General Mark Rutte.
