Market Information Monday 27 October 2025

Donald Trump announced an additional 10% tariff on Canadian exports to the U.S., escalating tensions after an Ontario television ad quoted Ronald Reagan criticizing tariffs. The move came shortly after Trump cancelled trade talks with Canada, accusing the ad of being “fraudulent.” This new levy risks straining U.S.-Canada relations just as both leaders prepare to attend ASEAN meetings in Malaysia.

Moody’s has downgraded France’s credit outlook from stable to negative while maintaining its Aa3 rating, citing concerns over the country’s high deficit, rising debt, and increasing borrowing costs. The agency warned that political fragmentation could hinder reforms and worsen fiscal performance. Despite these risks, Moody’s kept the rating unchanged due to France’s still resilient economy.

South Africa and Nigeria have been removed from the Financial Action Task Force’s (FATF) “grey list,” marking a major boost for investor confidence in Africa’s two largest economies. The FATF praised both countries’ reforms to strengthen anti–money laundering and counter terrorist financing systems after years of deficiencies. The decision led to a rise in South Africa’s rand and was hailed as a milestone for restoring global trust in their financial sectors.

The 6M Euribor is unchanged at 2.10% compared to previous business day. The 10Y Swap increased with 2 basis points to 2.62% 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.