Market Information Friday 08 May 2026

The European Union has not yet reached internal agreement on a trade deal with the United States concluded last August. After extended discussions, EU member states and the European Parliament failed to reach a breakthrough and will resume talks on the 19th of May. The Parliament is seeking safeguards, including limits on the deal’s duration, suspension rights if new US tariffs emerge, and changes to steel and aluminium-related levies.

The Asian Development Bank plans to deploy $70 billion to expand energy and digital infrastructure across Asia-Pacific by 2035, with Southeast Asia expected to benefit most. Key initiatives include a pan-Asia power grid and an Asia-Pacific digital highway to improve connectivity and close infrastructure gaps. Analysts note that Southeast Asia’s relatively underdeveloped energy interconnection and digital networks make it well positioned to attract funding, particularly Indonesia, Vietnam and the Philippines.

German banks hold substantial excess capital but are struggling to lend due to weak demand from creditworthy borrowers and heightened uncertainty linked to the Iran war, according to the Bundesbank. Banks have around 183 billion euros in capital above regulatory requirements, yet investment remains subdued. Rising energy prices, tighter credit conditions and risk aversion are discouraging borrowing, while many mid-sized companies are holding cash instead of investing.

The 6M Euribor increased with 4 basis points to 2.56% compared to previous business day. The 10Y Swap increased with 1 basis point to 3.04% 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.