The previously anticipated annual power demand increases of 7% until 2030 is unlikely to materialise...
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"The Hellenic Republic has mandated BofA Securities, Deutsche Bank, Goldman Sachs Bank Europe SE, Morgan Stanley, National Bank of Greece and Societe Generale as Joint Lead Managers for a new Reg S Cat 1/144A 10-year EUR Benchmark CAC bond maturing 15 June 2035 to be issued in dematerialised registered form. The syndicated transaction will be launched in the near future, subject to market conditions."
From market source
The current bear cycle in BTP futures remains in play and last week’s move down reinforces current conditions. The contract has also traded lower today, marking a bearish start to this week’s activity. Price has breached support at 117.40, the Nov 7 low and a key level, strengthening the current bearish condition. This opens 116.59, a Fibonacci retracement. Initial firm resistance is seen at 119.96, the 20-day EMA.
XCA (19th Sep) 13^, bought for 2.12 and 2.13 in 6k.