Market Information Friday 9 February 2024

Good morning,

Wholesale inventories in the United States rose in December as expected, with a 0.4% increase on a monthly basis and a 2.7% decrease annually. Wholesale sales also saw an uptick, rising by 0.7% on a monthly basis and 1.6% annually.

The number of new applications for unemployment benefits in the United States fell to 218,000, below the expectation of 220,000. However, the four-week moving average increased by 3,750 to 212,250, while the number of extended benefit claims dropped to 1,871,000.

Oil prices surged, with West Texas Intermediate reaching $76.22 per barrel and Brent nearly hitting $82 per barrel, driven by ongoing concerns over the Middle East, particularly after recent developments in Gaza. Prices also rose on Wednesday caused by a decline in gasoline stocks.

The 6M Euribor decreased with 2 basis points to 3.90% compared to previous business day. The 10Y Swap increased with 4 basis points to 2.74% 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.