Market Information Monday 22 July 2024

Microsoft experienced a major outage on Friday, preventing users worldwide from accessing cloud computing platforms, leading to flight cancellations by airlines such as KLM, Ryanair, Lufthansa, and Turkish Airlines. Microsoft is investigating the issue, potentially linked to a new CrowdStrike cybersecurity update causing startup problems, while airports like Schiphol and Gatwick reported significant impacts. The outage also affected the London Stock Exchange, and shares of Ryanair, Air France-KLM, and CrowdStrike have declined.

Today, Donald Trump reiterated during his speech that he will cut taxes and tackle inflation if elected President of the United States in November. He promised lower energy costs through increased drilling, which he said would also reduce transportation and production costs. Tump also emphasized his plans for major tax cuts for workers and bringing jobs to the auto sector. Trump’s chances of winning the presidency have increased, partly due to growing doubts about Joe Biden, with Kamala Harris seen as a likely successor.

Consumer prices in Japan rose by 2.8 percent year-on-year in June, the same as in May. Excluding prices for fresh food, inflation was 2.6 percent, slightly higher than expected, while core inflation excluding food and energy was 2.2 percent. With inflation staying above 2 percent for two years, the market expects the Bank of Japan might opt for a rate hike at the end of July.

The 6M Euribor is unchanged at 3.62% compared to previous business day. The 10Y Swap increased with 3 basis points to 2.73% 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.