Market Information Friday 12 January 2024

In a large-scale British-American airstrike, at least 60 targets of the Houthi rebels in Yemen were hit. The unsafe situation in the Red Sea has already led to higher freight rates and increased oil prices. The oil price rose by nearly 2% to $73.40 per barrel of WTI oil on Thursday night. It is expected that the deteriorating situation will result in further price increases.

In December, consumer prices in the United States increased more than initially anticipated, according to data released by the U.S. Department of Labor on Thursday. On an annual basis, there was an increase of 3.4%, compared to the 3.1% from the previous month. Economists had predicted an increase of 3.2%. Core inflation, adjusted for food and energy prices, stood at 3.9% on an annual basis in December, down from 4.0% in November.

The number of bankruptcies in the Netherlands increased in December, as revealed by Statistics Netherlands on Friday. Adjusted for court session days, 91 more companies were declared bankrupt compared to November, marking a 30% rise. According to preliminary data, 3,271 companies were declared bankrupt in 2023. This represents an increase of over 50% compared to 2022, when the number of bankruptcies was 2,145.

The 6M Euribor increased with 1 basis point to 3.90% compared to previous business day. The 10Y Swap decreased with 2 basis points to 2.64% 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.