Market Information Monday 18 March 2024

Oil prices declined slightly on Friday after reaching the highest level of the year. The previous increases were supported by optimistic reports on oil demand in 2024 and geopolitical tensions, including attacks on Russian energy infrastructure and uncertainty surrounding the conflict between Israel and Hamas.

The S&P 500, Dow Jones, and Nasdaq closed lower on Friday, because of higher inflation in the US and remarks from market strategists referring to a possible bubble in US stocks. The Federal Reserve is being monitored for potential changes in monetary policy.

On Friday, the euro fell against the dollar, partly due to disappointing US producer prices that strengthened the dollar. The markets now focus on US inflation data and central bank decisions on Wednesday. Inflation figures from France and the decision of the People’s Bank of China to leave interest rates unchanged also influenced the currency markets.

The 6M Euribor increased with 1 basis point to 3.90% compared to previous business day. The 10Y Swap is unchanged at 2.70% 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.