Market Chatter: Singapore's New Home Sales Rise in March

Market Chatter: EDP Parks US Wind Investments Despite Rising Power Demand, CEO Says

EDP has halted three US wind projects worth billions, citing policy risks, while still targeting up to $5.2 billion Ebitda by 2028, Bloomberg reported Thursday, citing EDP's CEO.Chief Executive Officer Miguel Stilwell d'Andrade said EDP has scaled back activity on three wind projects across Massachusetts, New York, and California, reducing staffing and delaying spending due to unclear US policy direction.Stilwell d'Andrade shared in an interview at the company's headquarters that the projects are effectively paused, noting they are in "hibernation mode" as the company avoids committing capital until conditions improve, the report said.Stilwell d'Andrade said the firm was fortunate not to have begun construction, unlike peers, allowing it to sidestep potential financial exposure.The projects are managed through Ocean Winds, a joint venture with Engie, and the CEO dismissed speculation about exiting the partnership, the report added.Policy changes under US President Donald Trump have stalled renewable energy momentum, including halting approvals for windmills and tightening financing conditions tied to new legislation, the report said.The administration has also hinted at revisiting prior approvals, while recent moves allowed firms like TotalEnergies to exit offshore leases, redirecting roughly $1 billion toward fossil fuel investments, the report added.Despite setbacks, EDP continues engaging with US authorities and maintains a strong footprint, with about $17 billion invested and more than 12 gigawatts of installed renewable capacity nationwide, the report said.The company sees robust electricity demand driven by data centers in both the US and Portugal, while reaffirming financial goals supported by $12 billion in planned investments through 2026, the report added.has reached out to EDP for any comments.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

US Natural Gas Stocks Rise by 59 Bln Cubic Feet in Week Ended April 10, As Expected; Prior Gain of 50 Bln

Update: Canada's Home Sales Market "Clearly Continues to Struggle" Given March's "Soft" Performance, says TD

"Clearly, the market continues to struggle amid several headwinds, including soft job markets, economic uncertainty, falling population growth, and strained affordability," TD Economics said Tuesday after a "soft" performance in Canadian home sales for March, that following a string of four straight monthly declines.TD added: "With these challenges in place, 2026 is shaping up to be another modest year for Canadian housing. Loose supply/demand balances should keep downwardly pressuring prices in B.C. and Ontario. Elsewhere, price growth should be firmer, but likely cool as the year progresses."TD noted Canadian existing home sales were "essentially flat" in easing 0.1% month over month in March. Sales were unchanged in British Columbia, Quebec and Manitoba, declined in Alberta (down 5% month over month) while they increased in Ontario (+1.9% month over month). Elsewhere, sales rose "solidly" in Saskatchewan (+10% month over month), and fell across most of the Atlantic.New listings were also flat during the month. With new listings and sales both barely moving, the sales-to-new listings ratio stayed at 47.8% in March. "This is well below the long-term average and signals modest price growth moving forward", noted the bank.Average home prices were also flat in March, while the MLS home price index, a more 'like for like' measure, declined 0.4% m/m, and was down 4.7% on a year-on-year basis. Prices for detached units were down 0.3% m/m, while condo prices fell 0.9% m/m.