Market Information Friday 24 November 2023

In November, the Eurozone economy showed less contraction than anticipated, according to preliminary data from S&P Global released on Thursday. The index measuring the activity of the monetary union’s service sector reached 48.2, compared to 47.8 the previous month, surpassing the expected 48.

Consumer prices in Japan rose more sharply in October than the previous month, according to government figures released on Friday. The annual inflation rate, including the effects of fresh food and energy, reached 3.3 percent, up from 3.0 percent the month before.

On Thursday, oil prices continued to decline. Significant weekly increases in U.S. crude oil inventories, reported by both the Energy Information Administration and the American Petroleum Institute, exerted downward pressure on prices. Meanwhile, the markets await the OPEC+ meeting, now scheduled for next Thursday. Initially, the meeting was set to take place this Sunday.

The 6M Euribor decreased with 1 basis point to 4.06% compared to previous business day. The 10Y Swap increased with 6 basis points to 3.10% 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.