Market Information Friday 15 March 2024

The Dutch economy remains stable despite tightness in the labor and housing markets, which pose a structural challenge according to De Nederlandsche Bank. Chairman Klaas Knot emphasized the need to account for true costs, such as energy consumption and nitrogen emissions, to alleviate scarcity. Concerns also arise over inequality in the housing market and the potential departure of key companies from the Netherlands, according to Klaas Knot.

In the United States, the number of new unemployment benefit claims has slightly decreased, with a four-week moving average also declining. However, the number of extended benefit claims has risen, indicating a mixed outlook for the US labor market.

Oil prices have reached their highest level of 2024 due to an anticipated increase in demand and uncertainty surrounding supply. The International Energy Agency has raised its forecast for global oil demand this year, while potential disruptions in supply further bolster prices. Analysts at Goldman Sachs predict a potential rise in Brent crude prices to $90 per barrel by the end of 2024.

The 6M Euribor decreased with 2 basis points to 3.89% compared to previous business day. The 10Y Swap increased with 8 basis points to 2.70% 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.