Market Information Friday 3 November 2023

The Bank of England has once again decided not to increase the interest rate, as announced yesterday. The Bank Rate remains at 5.25%. Six out of the nine members voted in favor of this decision, while three members voted for an interest rate increase to 5.75%.

In September, orders placed at American factories exceeded expectations, as revealed in data released by the U.S. government on Thursday. Factory orders showed a monthly increase of 2.8%, compared to a 1.0% rise in the previous month. Excluding defense-related orders, they even increased by 3.2%, and excluding transportation-related orders, there was still a growth of 0.8% in September.

On Thursday, the oil price saw its first increase in three days, with a settlement at $82.46, marking a 2.5% rise in the price of a barrel of West Texas Intermediate. Meanwhile, analysts continue to monitor the conflict between Israel and Hamas, paying particular attention to any signs of Iran becoming involved in the situation.

The 6M Euribor decreased with 1 basis point to 4.08% compared to previous business day. The 10Y Swap decreased with 6 basis points to 3.23% 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.