The oldest German party, the SPD, is in an existential crisis. The crashes in the European elections and in the election in Bremen have further added to the party, which is why the party leader Andrea Nahles will resign at the beginning of this week, both as party leader and as SPD party leader. Who will succeed, is so far unclear, because the post is characterized by eight party leaders in just 15 years of no great attraction.
Whether the grand coalition will survive this is more doubtful. That the CDU is not interested in new elections can be seen in the reassuring comments of the German Chancellor. If new elections are to be held in the autumn, according to current polls, this would also trigger significant losses for the Union. In one of the last surveys this ranked behind the Greens.
One thing is already certain – the topic of environmental and climate protection has arrived in the middle of the population, as can be seen from the current success of the Greens. Therefore, this topic will certainly remain present in the coming months.
The massive trade disputes that have ushered in US President Donald Trump have put massive pressure on financial markets at the end of last week. Crude oil was also one of the big losers in the commodity markets. Within two days Brent lost more than 10%. The market sentiment did not spare the prices for European emission rights, which left the sideways movement and also clearly lost on Friday. This week comes a relatively high auction volume on the market. Due to the Polish and German auction, a total of 15,694,000 EUA will be auctioned at EEX this week over five days. Next week, only 8,760,000 EUAs will be offered next Whitsun Monday.
|(Average Quotes Exchange / OTC)|
|EUA (Spotmarket)||25.42 EUR||24.41 EUR||-1.01 EUR|
|EUA (December-2019-Future)||25.47 EUR||24.46 EUR||-1.01 EUR|
|CER (Spotmarket)||0.21 EUR||0.21 EUR||+0.00 EUR|
|ICE Brent Crude Oil (Benchmark Future)||68.41 USD||61.64 USD||-6.77 USD|
|EURO (Currency, Forex)||1.1204 USD||1.1167 USD||-0.0037 USD|
(The average exchange quotes and OTC-prices shows the average between bids and ask of several exchanges and OTC markets for carbon emission rights in the ETS. Bid and ask has usually in Spot Market a visible spread. CER CP1 and ERU are eligible in ETS until end of March 2015 and must be swapped into EUA. Crude Oil and Euro Currency shows day-end-exchange quotes. This market information has just an informational character and are no advice or offer to trade carbon emission rights or their futures and options. If you want to unsubscribe, please reply to this mail.)
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