Market Information Monday 15 January 2024

During the period from September to November 2023, the British economy contracted by 0.2% on a quarterly basis, surpassing the anticipated decline of 0.1%, as reported by the UK Office for National Statistics (ONS). This contraction was preceded by a monthly growth of 0.3% in November, following a decrease of 0.3% in October.

ING Research predicts that the tobacco sales ban starting July 1, 2024, will cause a 1.5% decline in supermarket revenue, causing the first loss in twenty years. Following an inflation-related increase of 8% in 2023, supermarkets anticipate a loss of €1.7 billion in tobacco sales. ING anticipates a 35% shift in tobacco sales to specialized stores, leading to almost 10% increase in their revenue.

Cryptocurrency ETF’s debuted on stock exchanges, garnering over $4 billion in SEC-approved trading on NYSE, Nasdaq, and Cboe. Grayscale’s Bitcoin ETF drove half the activity, amassing $1 billion in 90 minutes. Bitcoin’s value surged 50% in six months, fueled by rising optimism about approval for spot ETFs, expanding accessibility of the leading cryptocurrency for investors.

The 6M Euribor increased with 2 basis points to 3.92% compared to previous business day. The 10Y Swap decreased with 5 basis points to 2.59% 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.