Funding & Business
German Evening Power Prices Jump as Wind Output Is Set to Plunge
German electricity prices for early this evening jumped to their highest level since December as a slump in wind speeds means that more expensive gas-fired plants will be needed.
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Lisa Hornby, Head of US Fixed Income at Schroeder Investment Management, sees a near-term slowdown in the economy and reacceleration in the medium term. She speaks to Bloomberg’s Jonathan Ferro, Lisa Abramowicz and Annmarie Hordern on ‘Surveillance.’ (Source: Bloomberg)
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David Kelly, JPMorgan Asset Management chief global strategist, says the US economy is grinding to a halt, but the weekly jobless claims were probably an “overshoot.” He speaks on “Bloomberg Surveillance.” (Source: Bloomberg)
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Deutsche Bank sees shares of Federal National Mortgage Association and Federal Home Loan Mortgage Corp. gaining further on expectations the mortgage giants will possibly be released from government control in the near future.
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