Market Information Monday 13 October 2025

China’s commodity imports rebounded in September as industrial demand picked up, with iron ore reaching 116 million tons, coal up 7.6 percent, and copper rising 13 percent. Crude oil and natural gas imports slipped, while soybean purchases climbed to a four-month high. The stronger trade flows come despite a sixth consecutive month of manufacturing contraction and renewed tensions with the United States over tariffs.

The dollar regained ground to 99.00 against a basket of major currencies after early losses, as hopes rose that Washington might ease its latest trade escalation with Beijing. Investor nerves eased following President Trump’s 100 per cent tariff threat, while thin holiday trading kept markets subdued. The greenback climbed 0.5 per cent to 151.99 yen as Japan’s political uncertainty weighed on the currency after Komeito’s withdrawal from the ruling coalition.

Dutch pension funds are increasingly looking to invest more within Europe, citing growing political and economic uncertainty in the United States. These investments are expected to focus on energy infrastructure, housing, and defence-related innovation, aiming to strengthen Europe’s self-reliance and resilience. Experts argue that this marks a turning point, with funds shifting part of their portfolios from U.S. equities toward European impact investments that deliver both financial and social returns.

The 6M Euribor is unchanged at 2.10% compared to previous business day. The 10Y Swap decreased with 5 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.