Market Information Friday 26 July 2024

The Ifo index for business climate in Germany fell from 88.6 to 87.0 in July. Analysts had expected an index of 88.8. The sub-index for current conditions dropped from 88.3 to 87.1, and the sub-index for expectations decreased from 88.8 to 86.9.

In July, the business confidence index in France dropped by 5 points to 94, according to the French statistics bureau Insee. This index remains below the long-term average of 100. Confidence in the manufacturing sector fell by 4 points to 95.

The central bank of China lowered the rate on the one-year lending facility from 2.5 to 2.3 percent and injected 200 billion yuan into the market. This was the first reduction since August last year. Earlier this week, the seven-day lending rate was also reduced from 1.80 to 1.70 percent, along with other interest rates. However, market commentators believe these measures may be insufficient to halt the economic slowdown.

The 6M Euribor increased with 1 basis point to 3.65% compared to previous business day. The 10Y Swap decreased with 1 basis point to 2.71% 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.