The energy crisis rippling across that continent as the wind fails to blow as expected and natural gas prices surge could serve as a warning signal for any economy attempting to manage a power grid transition. Great day to have Eric Nuttall from Ninepoint Partners on Market Call.ĮUROPE’S CAUTIONARY EXPERIENCE IN ENERGY TRANSITION And, on Bay Street, we’ll watch if the energy group can extend its three-session winning streak. We’ll have plenty of insight from investment professionals throughout the day. debt limit talks as the end of the fiscal year looms next week, markets are relatively muted this morning with major European indices and U.S. Shares in the debt-laden property developer fell as much as 13.9 per cent in Hong Kong.ĭespite the Evergrande fiasco, despite the crypto crackdown, despite crunch time in U.S. And a short time ago, Bloomberg reported China’s Ministry of Housing and Urban-Rural Development is scrutinizing the company’s bank accounts to ensure funds go toward actually building properties rather than paying creditors. dollar-denominated debt “gave no signs” that they received the interest owing. Our Bloomberg News partners are reporting holders of the U.S. There’s no indication at this point that China Evergrande Group made the US$83.5-million coupon payment that was due yesterday. Related names like Coinbase and Hut 8 Mining have also come under pressure in pre-market trading. From peak to trough, Bitcoin sank more than six per cent. Bitcoin and other crypto assets tumbled early this morning after the People’s Bank of China labelled transactions in that space illegal amid a sweeping crackdown.

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