EMISSIONS: Poland Seeks EU ETS 2 Delay to 2030
Feb-05 16:39
Poland wants to delay the introduction of the EU ETS 2 scheme by three years until 2030, sources told Bloomberg.
- Poland, instead, aims for a phased introduction of the Social Climate Fund, which is due to start in 2026 to support vulnerable groups to navigate the energy transition – funded by revenues from carbon auctions.
- Between 2026 and 2030, member states could leverage the Fund to support households and SME’s, with the aim to replace gas-coal and oil-fired power systems before the new market comes into effect, the sources said.
- The start date of the ETS 2 scheme has already faced criticism from Slovakian and Czech politicians amid concerns that the costs could further raise energy prices.
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FED: US TSY 26W BILL AUCTION: HIGH 4.110%(ALLOT 86.16%)
Jan-06 16:32
- US TSY 26W BILL AUCTION: HIGH 4.110%(ALLOT 86.16%)
- US TSY 26W BILL AUCTION: DEALERS TAKE 21.55% OF COMPETITIVES
- US TSY 26W BILL AUCTION: DIRECTS TAKE 7.98% OF COMPETITIVES
- US TSY 26W BILL AUCTION: INDIRECTS TAKE 70.47% OF COMPETITIVES
- US TSY 26W BILL AUCTION: BID/CVR 3.20
FED: US TSY 13W BILL AUCTION: HIGH 4.205%(ALLOT 83.88%)
Jan-06 16:32
- US TSY 13W BILL AUCTION: HIGH 4.205%(ALLOT 83.88%)
- US TSY 13W BILL AUCTION: DEALERS TAKE 40.40% OF COMPETITIVES
- US TSY 13W BILL AUCTION: DIRECTS TAKE 5.55% OF COMPETITIVES
- US TSY 13W BILL AUCTION: INDIRECTS TAKE 54.06% OF COMPETITIVES
- US TSY 13W BILL AUCTION: BID/CVR 3.01
AUSTRALIA: NAB and ANZ Views on November CPI Data Due Wednesday
Jan-06 16:29
- **NAB pencil in 2.4% y/y from 2.1% for the CPI Indicator (consensus 2.2%), driven by electricity. Beyond the noisiness of subsidy timing in electricity, key things to watch are the handful of market services prices measured in November, and whether New Dwellings sustains its recent step-down in inflation. Volatile international travel is also shaping up to be influential for the trimmed mean in Q4.
- **ANZ expect annual inflation in the monthly CPI indicator to lift to 2.3% y/y in November from 2.1% y/y in October. The ‘all groups excluding volatile items (fuel and fruit & veg) and holiday travel’ figure is forecast to edge up to 2.5% y/y from 2.4% y/y. During the month, ANZ expect the headline indicator to rise 0.5%m/m, a little above last November’s 0.3% m/m rise.
- The November data will have more information on services and non-tradables than the October reading and give us a better gauge of the critical Q4 CPI print scheduled for 29 January ahead of the next RBA Board meeting on 17-18 February.
