Market Information Friday 1 March 2024

Oil prices continued to rise in February, with West Texas Intermediate increasing by about 3 % on a monthly basis. In the first two months of the year, oil prices rose by over 9 %. Despite a slight decline on Thursday, the price maintains upward potential due to stabilization in U.S. oil production and signs of increasing consumer demand, supported by declining gasoline and heating oil inventories.

In Germany, inflation decreased more than expected in February to 2.5 % on an annual basis, the lowest level since June 2021. Economists expected an inflation rate of 2.6 %. On a monthly basis, prices increased by 0.4 %, slightly lower than the expected 0.5 %.

Despite earlier reports of stagnation, new data showed that the French economy experienced a slight growth of 0.1 % in the fourth quarter of 2023, contrary to previous reports of zero growth. Over the entire year of 2023, the French GDP increased by 0.9 %, following a growth of 2.5 % in 2022.

The 6M Euribor is unchanged at 3.92% compared to previous business day. The 10Y Swap decreased with 6 basis points to 2.73% 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.