US spot power prices reach record high over USD 1k per megawatt hour at the PJM West hub in Pennsylvania and Maryland as arctic cold freezes region
The surge in US spot power prices to over $1,000 per megawatt hour in the PJM West hub highlights significant supply constraints driven by extreme arctic cold in the region.
Hungarian Interest Rate Decision 6.5% vs. Exp. 6.5% (Prev. 6.5%)
Around five borrowers are mulling US IG bond sales on Tuesday, according to a Bloomberg survey
US spot power prices reach record high over USD 1k per megawatt hour at the PJM West hub in Pennsylvania and Maryland as arctic cold freezes region
US PRE-MARKET MOVERS: HUM/UNH/CVS, GLW, CRWV, MU, CRM, GM, HCA, AAL, UPS, RTX, BA, NUE, JBLU, SANM
American Airlines (AAL) CEO, on Storm Fern impacts, says going to get back on track over the next two-to-three days, in comments to CNBC
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This spike is indicative of both demand pressure and potential inflationary implications for energy costs, which could influence broader market sentiment and the outlook for commodities and currencies sensitive to energy prices.
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