Market Information Friday 5 January 2024

In December, employment in the private sector in the United States grew more robustly than anticipated, as indicated by figures from payroll processor ADP released on Thursday. The number of jobs increased by 164,000, following a revised growth of 101,000 in the previous month. Initially, a rise of 103,000 jobs had been reported for November. Salaries increased by 5.4% on a yearly basis, slightly down from the 5.6% increase in the preceding month, according to the report.

In December, the inflation rate in the Netherlands decreased to 1.2%, as indicated by the quick estimate from Statistics Netherlands released on Friday. In November, prices had risen by 1.6%. Excluding energy, the inflation rate in December was 3.4 percent, compared to 4.2% in November. The inflation rate without energy and motor fuels peaked in February and March at 8.1% and has since declined, according to the statistical bureau. For the entire year 2023, the CBS reports an inflation rate of 3.8%.

In December, the British services sector exhibited significantly faster growth, according to final figures from S&P Global released on Thursday. The purchasing managers’ index (PMI) for the services sector reached 53.4, compared to 50.9 the previous month. This marks the highest index reading since June. In contrast, the British industry showed a more pronounced contraction earlier this week. The corresponding index dropped from 47.2 to 46.2.

The 6M Euribor increased with 2 basis points to 3.88% compared to previous business day. The 10Y Swap increased with 10 basis points to 2.57% 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.