Market Information Friday 10 November 2023

Oil prices rose slightly on Thursday, although the big gains from the middle of the day were largely lost towards the end of the trading day. Ultimately, a barrel of West Texas Intermediate increased in price by about 0.5% on Thursday. On a weekly basis, the oil price is under pressure with a significant loss after both Brent and WTI recorded their lowest points since July on Wednesday. Weak trade prices from China in the beginning of this week put further pressure on oil prices as the data fueled concerns about a drop in demand in one of the world’s largest economies.

Figures published on Friday by Statistics Netherlands showed that the Dutch industry produced significantly less in September on both an annual and monthly basis. Average daily production in September was 10.3% lower on an annual basis, while there was a monthly decrease of 0.9%. Meanwhile, industrial production has been declining for 9 months in a row. Most sectors produced less in September than in the same month a year earlier. Of the major industries, the machinery industry recorded the largest decline in production. The repair and installation of machines saw the largest increase in production.

The number of new applications for unemployment benefits in the United States fell again last week, according to figures published by the US Department of Labor. The number of new applications fell by 3,000 to a total of 217,000. Economists expected 220,000 applications. However, the four-week average rose by 1,500 to 212,150.

The 6M Euribor is unchanged at 4.07% compared to previous business day. The 10Y Swap increased with 3 basis points to 3.14% compared to previous business day.

In the attachment, today’s market data on money and capital market rates as well as other rates are presented.