POWER: Sweden-Denmark Power Link to Undergo Maintenance on 6-11 Nov
Oct-29 13:32
The Øresund HV AC interconnection between Sweden’s (SE4) and Denmark’s (DK2) will undergo planned maintenance due to refurbishment on 6-9 November, remit data showed.
- Flows in the SE4-DK2 direction will be reduced from 1.3GW to 750MW during the works, while flows in the opposite direction will be curtailed to 450MW from 1.7GW normally.
Want to read more?
Find more articles and bullets on these widgets:
Historical bullets
EQUITIES: US Opening Calls
Sep-29 13:28
SPX: 6,682.7 (+0.6%); DJIA: 46,471 (+0.5%/+223pts); NDX: 24,676.3 (+0.7%).
GLOBAL MACRO: Switzerland - US Reconfirm Not Manipulating FX Rates
Sep-29 13:27
Switzerland and the US "reconfirmed [...] to avoid manipulating exchange rates or the international monetary system to prevent effective balance of payments adjustment or to gain an unfair competitive advantage".
- SNB Chairman Schlegel unsurprisingly has reaffirmed last Thursday at the quarterly meeting press Q&A that the SNB remains willing to be active in the FX market to ensure monetary policy conditions remain appropriate.
- The announcement suggests that there is an ongoing dialogue between some Swiss and US authorities following the 39% tariff announcement by the US on Swiss imports on August 1. While the SNB judges the aggregate effects of the tariffs on the Swiss economy as "limited" according to last week's Q&A, there appears to have been limited progress at best by Swiss authorities to negotiate lower US rates going forward.
- Full release here: https://home.treasury.gov/news/press-releases/sb0266
US TSY FUTURES: BLOCK: Even Larger Dec'25 5Y Sale
Sep-29 13:27
- -13,000 FVZ5 109-02, sell through 109-02.25 post time bid at 0909:18ET, DV01 $570,050.
- The 5Y contract trades 109-02.25 last (+.75)
