Nordic forwards are sliding on Wednesday on the back of the knock-on effects from financial woes in the eurozone, triggered by the uncertain bailout of debt-laden Greece, traders said.
Weaker crude oil, bearish market sentiment and overall risk aversion, combined with profit-taking, caused Nordic power forwards to fall, traders said. The Q3 10 contract had lost EUR 1.20 at EUR 48.25/MWh, while the YR 11 contract had shed EUR 0.75 at EUR 46.85/MWh. "The market is very much in doubt over the attempt to bail out Greece. We're not out of the woods yet,” a Danish
Mittwoch, 5.05.2010, 11:10 Uhr
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