Market Information Friday 17 November 2023
In October, U.S. import prices experienced a more significant decline than initially anticipated, primarily due to considerably lower energy import prices, according to data released by the U.S. Department of Labor on Thursday. Import prices showed a decrease of 0.8% on a monthly basis, following a 0.4% increase in the previous month. Initially, a price increase of 0.1% was reported for September. Analysts had originally expected a decline of 0.3% in October.
On an annual basis, construction revenue increased in the Netherlands in the third quarter, despite a decrease in the number of issued building permits. This was reported by Statistics Netherlands (CBS) on Thursday. The revenue showed a growth of 6.4% in the third quarter compared to the same period a year earlier.
On Thursday, the oil price dropped significantly, with a barrel of West Texas Intermediate declining 5% at a settlement of $72.90. A day earlier, on Wednesday, WTI already declined after it was revealed that U.S. oil inventories had increased by 17.5 million barrels in the past two weeks.
The 6M Euribor decreased with 2 basis points to 4.08% compared to previous business day. The 10Y Swap decreased with 4 basis points to 3.08% 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.