Market Information Monday 3 March 2025

Inflation in Germany remained stable at 2.3% in February, the same as in January and as expected. Core inflation fell to 2.6% year-on-year, down from 2.9% in January. Consumer prices rose by 0.4% from January, despite expectations of a 0.2% decline. In France, inflation dropped significantly below 1% for the first time in four years. Next week, eurozone-wide inflation data will be released.

Ongoing tariff threats and potential federal job cuts are dampening consumer confidence in the US, leading to a 0.2% drop in spending despite rising incomes. Inflation has slightly cooled, but proposed tariffs on Canada, Mexico, and China could drive prices higher, forcing businesses to raise costs and cut jobs. Economic uncertainty is causing companies to delay investments, with some executives warning that the volatility is harming U.S. businesses more than foreign partners.

Bitcoin has fallen below $80,000, down 27% from its peak of $109,500 during Trump’s inauguration, due to economic uncertainty and profit-taking. A major hack at crypto exchange Bybit, where $1.5 billion in ether was stolen, has further shaken trust in cryptocurrencies. Scandals involving memecoins like $libra and Trump’s own coins, along with declines in major cryptocurrencies such as Solana, Ethereum, and Ripple, are contributing to the downward trend.

The 6M Euribor is unchanged at 2.39% compared to previous business day. The 10Y Swap decreased with 1 basis point to 2.34% 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.