Market Information Friday 29 December 2023

The number of new unemployment benefit claims in the United States increased in the week of December 23, according to data released on Thursday by the U.S. Department of Labor. The number of new claims rose by 12,000 to 218,000, exceeding the expected 210,000.

The oil prices declined on Thursday evening, partly due to reduced concerns about disruptions to shipping in the Red Sea, despite ongoing tensions in the Middle East. A barrel of West Texas Intermediate closed at $71.77, reflecting a 3.2% decrease.

In response to the recent water issues, the Union of Water Authorities emphasizes the need for significantly more financial resources to protect the country from water overflow. The latest cost estimates for the High Water Protection Program until 2050 reveal a notable shift. While initially €12.6 billion was estimated as the required amount to get the primary water defenses in order, it is now indicated that a sum of €24 billion is required.

The 6M Euribor decreased with 1 basis point to 3.89% compared to previous business day. The 10Y Swap increased with 4 basis points to 2.42% 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.