Market Information Monday 29 April 2024

US core inflation remained stable at 2.8 percent on an annual basis in March, which was higher than the expected decline to 2.7 percent. The overall price index rose to 2.7 percent, while economists had predicted an increase to 2.6 percent. In March, incomes increased by 0.5 percent and US spending by 0.8 percent, both higher than expected.

Oil prices rose slightly on Friday, with West Texas Intermediate and Brent rising to 83.85 dollars and over 88 dollars per barrel, respectively. On a weekly basis, oil prices increased between 1.0 and 2.0 percent. Analysts warn of possible stagnation due to the combination of high inflation and economic slowdown in the US, which could weaken energy demand outlook.

The euro remained remarkably stable on Friday, despite growing uncertainty about the Federal Reserve’s policy after new inflation data. The chances of Fed lowering rates declines with higher inflation. The euro edged 0.1 percent higher to 1.0742 dollars on Friday. The European currency remained flat at 0.8576 British pounds. The British pound rose 0.1 percent to 1.2523 dollars. The dollar declined from 156.80 to 155.60 yen.

The 6M Euribor is unchanged at 3.83% compared to previous business day. The 10Y Swap decreased with 6 basis points to 2.86% 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.