POWER: Poland Adds €240mn to Energy Fund
Jan-29 17:07
Poland’s Council of Ministers has approved amendments to the National Recovery and Resilience Plan increasing the Energy Support Fund by nearly PLN1bn (€240mn) to enhance power grid development and energy storage, it said, cited by ISB News.
- The next step will be a formal request for KPO revisions will be submitted to the European Commission by 31 January.
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US STOCKS: Early Equities Roundup: Autos & Mining Shares Underperforming
Dec-30 17:01
- Stocks remain weaker but are trading off early session lows ahead midday Monday, paring losses after better than expected pending home sales (2.2% vs. 0.8% est) and Dallas Fed Mfg (3.4 vs. -3.0 est) data.
- Major averages continue to see-saw inside trading ranges over the past ten days amid alternating position squaring flow heading into year end. Currently, the DJIA trades down 377.12 points (-0.88%) at 42616.8, S&P E-Minis down 61.5 points (-1.02%) at 5965.75, Nasdaq down 202.1 points (-1%) at 19519.81.
- Consumer Discretionary and Materials sectors leg laggers in the first half, auto-related shares weighing on the former: Tractor Supply -2.45%, Tesla -2.27%, LKQ Inc -2.17% and BorgWarner -1.93%. Metals and mining shares weighed on the Materials sector: Albemarle -2.80%, Newmont Corp -2.33%, Freeport-McMoRan -2.15%.
- On the positive side, Energy and Utility sectors outperformed, oil $ gas stocks buoyed the Energy sector as cride prices inched higher (WTI +0.58 at 71.18): EQT Corp +5.10%, Coterra Energy +3.73%, Devon Energy +2.18%. Meanwhile, independent power providers supported the Utility sector: Constellation Energy +0.14%.
FED: US TSY 13W BILL AUCTION: HIGH 4.230%(ALLOT 95.14%)
Dec-30 16:32
- US TSY 13W BILL AUCTION: HIGH 4.230%(ALLOT 95.14%)
- US TSY 13W BILL AUCTION: DEALERS TAKE 53.19% OF COMPETITIVES
- US TSY 13W BILL AUCTION: DIRECTS TAKE 5.07% OF COMPETITIVES
- US TSY 13W BILL AUCTION: INDIRECTS TAKE 41.74% OF COMPETITIVES
- US TSY 13W BILL AUCTION: BID/CVR 2.38
FED: US TSY 26W BILL AUCTION: HIGH 4.135%(ALLOT 61.57%)
Dec-30 16:32
- US TSY 26W BILL AUCTION: HIGH 4.135%(ALLOT 61.57%)
- US TSY 26W BILL AUCTION: DEALERS TAKE 22.46% OF COMPETITIVES
- US TSY 26W BILL AUCTION: DIRECTS TAKE 7.79% OF COMPETITIVES
- US TSY 26W BILL AUCTION: INDIRECTS TAKE 69.75% OF COMPETITIVES
- US TSY 26W BILL AUCTION: BID/CVR 3.03
