Market Information Friday 26 January 2024

The President of the European Central Bank, Christine Lagarde, stated that it is still too early for interest rate cuts. This statement was made on Thursday during an explanation of the decision to maintain the key interest rates. As a result, the base rate remains at 4.50%, the marginal lending facility at 4.75%, and the deposit facility at 4.00%.

The U.S. economy unexpectedly showed strong growth in the fourth quarter. According to preliminary figures published on Thursday by the Bureau of Economic Analysis, the increase compared to the previous year was 3.3%. Economists consulted by the Reuters news agency had anticipated a growth of 2.0%. Although economic growth is lower than the previous quarter, when the figure was 4.9%, it once again confirms that the U.S. economy continues to perform well, despite the interest rate hikes by the Federal Reserve last year.

The number of new applications for unemployment benefits in the United States for the week ending on January 20 increased significantly more than anticipated, according to Thursday’s data from the U.S. Department of Labor. The number of new claims for unemployment benefits rose by 25,000 to reach 214,000. Economists expected 199,000 applications.

The 6M Euribor decreased with 2 basis points to 3.92% compared to previous business day. The 10Y Swap decreased with 6 basis points to 2.67% 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.