POWER: Poland Eyes Belchatov Site for New Nuclear Power Plant
Oct-16 08:03
Poland’s Prime Minister Donald Tusk said the Belchatov site is at the top of the list for the construction of a nuclear plant in the country according to Bloomberg.
- “I can responsibly say that if the decision about the second site is taken, then Belchatow is at the top of the list,” Tusk said.
- In August, PGE CEO Dariusz Marzec said via X that Poland has completed the first stage of a preliminary analysis of the feasibility of building a second nuclear power plant in Poland’s Belchatow region, paving the way for further field research.
- Poland is eyeing a total nuclear capacity of around 6-9GW in the upcoming decades.
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MNI: ITALY AUG FINAL HICP 1.6% (VS 1.7% FLASH, 1.7% JUL)
Sep-16 08:03
- MNI: ITALY AUG FINAL HICP 1.6% (VS 1.7% FLASH, 1.7% JUL)
FOREX: BBDXY Stabilises; Support In USDJPY Intact
Sep-16 07:56
- The BBDXY has stabilised just above the July 24 low of 1191.55 amid the latest pullback in European equity futures, currently -0.2% at 1192.3. While S&P500 futures have seen a less pronounced pullback than European counterparts, focus will be on US pre-market trading after Reuters reported that Nvidia’s new chip tailored for the Chinese market is being met with only lukewarm demand.
- The USD has been offered since Friday afternoon, seemingly a positioning dynamic ahead of tomorrow’s Fed decision, where the easing cycle is set to resume with a 25bp cut. The ongoing uncertainty around the Lisa Cook saga (which is now likely to go to the Supreme Court) alongside Stephen Miran’s confirmation as a Fed Governor also present ongoing dollar headwinds.
- USDJPY is -0.4% at 146.85, just off session lows of 146.70. Key short-term support to watch remains 146.21, the Aug 14 low and a bear trigger. A break of this level would highlight a stronger bearish threat and highlight a range breakout.
- Alongside broader USD softness, JPY was supported overnight by agricultural minister Koizumi’s intention to run for LDP leader. Finance Minister Kato is set to run his election campaign, providing a more hawkish (with respect to both fiscal and monetary policy) option compared to opinion poll leader Takaichi.
FED FUNDS FUTURES: FFX5/F6 Sold
Sep-16 07:40
FFX5/F6 ~4.2K sold at -24.5.
