Market Information Monday 20 November 2023

Final figures published by Eurostat indicated a significant decline in Eurozone inflation in October. Consumer prices rose by 2.9% annually, down from September’s 4.3%. Core inflation, excluding volatile energy and food prices, was 4.2% in October, a crucial measure for the ECB.

In October 2023, producer prices dropped by 11.0% compared to the same period last year, with a marginal 0.1% decrease from the previous month. September saw a historic decline of 14.7%, mainly due to the peak in 2022 caused by the Ukraine war.

The US reported a 1.1% increase in building permits to 1.481 million in October, contrary to the anticipated 1.6% decline. Simultaneously, housing starts also rose according to government data, surprising with growth in both permits and construction activity.

The 6M Euribor decreased with 1 basis point to 4.07% compared to previous business day. The 10Y Swap is unchanged at 3.08% 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.