Market Information Friday 13 October 2023

In September, consumer prices in the United States rose at the same rate as in August, while core inflation decreased. These findings were reported by the U.S. Department of Labor on Thursday. Consumer prices increased by 3.7% on an annual basis last month, matching the rate seen in August, and aligning with economists’ expectations of a 3.6% inflation rate. Core inflation, which factors out food and energy prices, stood at 4.1% on an annual basis in September, down from 4.3% in the previous month, in line with expectations. On a monthly basis, consumer prices rose by 0.4% in September, and core prices increased by 0.3%.

The percentage of homes in the Dutch private rental sector being offered for sale has increased from 4 to 7 percent within a year, according to Pararius. This has led to a decrease in available rental properties in the private sector and higher rental prices, especially in large cities. Part of the reason is private investors selling their rental properties due to unfavorable government measures. The introduction of the WOZ cap has also contributed to this shift. Pararius emphasizes the need for a long-term plan for the housing market to address the issues in the housing stock balance.

In August, British goods exports decreased, as reported by the UK’s Office for National Statistics (ONS). The export value declined by 2.2% on a monthly basis, while imports increased by 1.7%. The trade deficit for the three months ending in August reduced by £3.5 billion to £10.4 billion.
The 6M Euribor is unchanged at 4.11% compared to previous business day. The 10Y Swap increased with 7 basis points to 3.36% 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.