Market Information Friday 5 April 2024

Yesterday, the euro increased against the dollar due to expectations of a US interest rate cut, despite the Fed’s statements about needing more evidence of inflation decline. Producer prices in the eurozone declined again in February, mainly due to lower energy prices.

Oil prices rose again due to tensions between Israel and Iran, with West Texas Intermediate for May delivery increasing by 1.4 percent to settle at $86.59. This rise followed threats of an Iranian attack, prompted by a recent attack that claimed the lives of Iranian military personnel.

The German service sector shows growth again in March, contrary to earlier indications of slight contraction. The purchasing managers’ index rose to 50.1, the highest level in six months. An index reading above 50 indicates growth, while below 50 indicates contraction.

The 6M Euribor decreased with 2 basis points to 3.82% compared to previous business day. The 10Y Swap decreased with 4 basis points to 2.64% 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.