Market Information Monday 27 January 2025

American consumer confidence in the economy decreased in January, while inflation expectations turned out to be higher. This was made clear on Friday from the final figures of the University of Michigan. The consumer confidence index dropped from 74.0 at the end of December to 71.1 this month. Mid-January, a preliminary figure indicated an index level of 73.2.

President Trump signed an executive order creating a working group on digital assets to propose regulations and consider a national cryptocurrency reserve, aligning with his campaign promise amidst personal financial interests in crypto. The group is tasked with evaluating current regulations and proposing new ones, with a report due to Trump in 180 days, potentially mainstreaming cryptocurrency in the U.S. This order also rolls back a Biden-era initiative on central bank digital currencies, reflecting Trump’s stance against government-controlled digital assets.

Oil prices are experiencing their first weekly decline this year following President Trump’s threats of trade wars and demands for OPEC+ to reduce crude prices. Amidst tensions over Russian sanctions and discussions with President Putin regarding Ukraine, Trump’s administration is focused on reducing oil prices to benefit consumers, while encouraging domestic production under a declared national energy emergency. Futures are down over 4% for the week, reflecting market reactions to Trump’s actions and statements on trade and energy policy.

The 6M Euribor is unchanged at 2.59% compared to previous business day. The 10Y Swap increased with 2 basis points to 2.51% 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.