Dear Ladies and Gentlemen,
The probability, that a big coalition between the conservative German parties CDU, CSU and social party SPD will continue after the election of the special party congress, rose up, although only 56% of the delegates voted for negotiations with CDU/CSU as a more likely alternative to new elections. That might be true, because the one or other elector could ask, why he should vote for the SPD, when they are not willing to take governmental responsibility.
However, the result of yesterdays election brought a government participation of the Green party more away, what will not advance the turning away from coal power.
The already bullish European market for carbon emission certificates used the bigger growing probability at the end of last week for a positive vote of the election to move leave the eight-Euro-level behind and moved with a 10% surplus on weekly basis into the nine-Euro-direction.
Last time, as EU-emission allowances has been above nine Euro was in November 2012.
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With kind regards,
Advantag Services GmbH