Market Information Friday 12 April 2024

The European Central Bank (ECB) left official rates unchanged on Thursday and is expected to lower interest rates in June in response to concerns about economic growth and conditional upon declining inflation in the Eurozone. It is predicted that the inflation target of 2.0 percent will be reached by 2025.

Producer prices in the United States were found to have risen at a slower pace on a monthly basis. Prices increased by 0.2 percent compared to the previous month, following a 0.6 percent rise in February. Excluding the volatile prices of trade, food, and energy, core producer prices in the US increased by 0.2 percent last month, after a 0.3 percent increase in February.

The number of new applications for unemployment benefits in the US declined more than predicted last week. There were 211,000 new applications, representing a decrease of 11,000 compared to the expected 216,000 applications.

The 6M Euribor decreased with 4 basis points to 3.83% compared to previous business day. The 10Y Swap increased with 5 basis points to 2.76% 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.