Market Information Friday 8 March 2024

Asian equity markets showed a strong increase on Friday, buoyed by record levels on Wall Street and an optimistic sentiment surrounding the AI sector.

The S&P 500 and Nasdaq surged to new record highs, driven by increasing hopes of decreasing inflation and significant gains in the technology sector. The European Central Bank’s downward revisions in annual inflation and growth forecasts, coupled with a stable key interest rate, contributed to investor optimism.

The European Central Bank kept interest rates unchanged despite declining inflation expectations. ECB President Lagarde’s explanation provided insight into the monetary policy direction, while economic projections were revised with slightly lower growth. The eurozone faced moderate economic prospects and an expected inflation slowdown, impacting markets.

The 6M Euribor decreased with 2 basis points to 3.90% compared to previous business day. The 10Y Swap decreased with 2 basis points to 2.60% 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.