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Germany to invest around $10 bln in hydrogen projects


Reuters
2 minute read
German Transport Minister Andreas Scheuer adjusts his face mask as he attends the weekly cabinet meeting at the Chancellery in Berlin, Germany May 12, 2021. Michael Sohn/Pool via REUTERS
Germany will invest more than 8 billion euros ($9.74 billion) to fund large-scale hydrogen projects, the Economy and Transport ministries said on Friday, in a step to scale up hydrogen as an alternative to fossil fuels to meet climate targets.
The 62 German projects, supporting chemical, steel and transport industries, are part of a joint European hydrogen project called Hydrogen-IPCEI, the ministries added.
The fact is: we must and WANT to urgently promote the switch to climate-friendly mobility, said Transport Minister Andreas Scheuer in a statement. ....

Andreas Scheuer , Thomson Reuters Trust Principles , Transport Minister Andreas Scheuer , Thomson Reuters Trust , M 1qd , ஆண்ட்ரியாஸ் ஸ்கீயர் , தாம்சன் ராய்ட்டர்ஸ் நம்பிக்கை ப்ரிந்ஸிபல்ஸ் , போக்குவரத்து அமைச்சர் ஆண்ட்ரியாஸ் ஸ்கீயர் , தாம்சன் ராய்ட்டர்ஸ் நம்பிக்கை ,

Dovish ECB fuels spread compression


5/27/2021 5:41:05 AM GMT
Market movers today
Today we will listen in when Bundesbank governor Jens Weidmann speaks at the Franco-German Economic and Financial Council.
In Sweden, we get both business and consumer confidence and a new borrowing forecast from the Debt Office, see more below.
In the US we get PCE inflation figures which should not be a big market mover as they will likely just mirror the big increase we got in the CPI figures. It will be interesting to see whether service consumption has increased relative to goods, though as we also get consumption data.
The 60 second overview
ECB: We have had a string of dovish speeches from various ECB officials the past few days, and today we will hear from one of the ECB hawks - Weidman from the Bundesbank. If his comments follow a similar path as the ones we have seen so far, then the spread compression between Germany and the rest of the EGB market should continue despite the solid performance seen sinc ....

Jens Weidmann , Itraxx Xover , Debt Office , Financial Council , Franco German Economic , கடன் அலுவலகம் , நிதி சபை ,

Analysis: New York could profit from Brexit tussle over euro derivatives


Huw Jones
1/2
A street sign is seen in front of the New York Stock Exchange on Wall Street in New York, February 10, 2009. REUTERS/Eric Thayer
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A hasty shift in euro-denominated derivatives clearing from London to Frankfurt to meet European Union post-Brexit demands may drive business to New York and shackle the 27-member bloc s capital market, banks warn.
The future of where euro derivatives are cleared for customers in the bloc became a focal point in the Brexit debate, with EU politicians keen to wrest control of the 100 trillion euro ($122 trillion) market away from the City of London after Britain quit the EU. ....

New York , United States , City Of London , City Of , United Kingdom , Bruxelles Capitale , Scott Omalia , Katharine Braddick , Albert Menkveld , Matthias Graulich , Bruce Savage , Thomson Reuters Trust Principles , London Stock Exchange , Derivatives Association , European Commission , International Swaps , European Union , Futures Industry Association In Europe , Deutsche Boerse , Futures Industry Association , Vrije Universiteit Amsterdam , Scotto Malia , Thomson Reuters Trust , Nrlpa Ocap , M Ez , Reuters Legal ,