Wetter weather forecasts combined with a weak macroeconomic outlook are causing a drop in Nordic power forwards on Monday morning.
The benchmark Q4 11 contract was last seen EUR 1.04 below Friday's closing price at EUR 48.75/MWh, while the YR 12 contract had shed EUR 0.60 to EUR 46.45/MWh.
This was triggered by a wetter weather outlook, falling fuel and carbon prices, as well as a weak global macroeconomic outlook, reflected by softening equities, traders said.
"I see overall recession fears as
Montag, 5.09.2011, 10:49 Uhr
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