Market Information Monday 30 October 2023

In October, consumer confidence in France unexpectedly increased, as indicated by data released on Friday by the French statistical agency Insee. The confidence index rose from 83 to 84, while it had previously been expected to remain at 83.

On Friday, the Russian central bank once again raised interest rates, increasing them by 2.0 percentage points to 15.0%. This decision was made to ensure price stability, as consumer prices are rising faster than expected, and government spending is expected to remain high for a longer duration. The central bank announced that interest rates would remain high for a considerable period, and monetary policy would remain restrictive to keep the economy in check. This measure aims to control inflation and maintain economic stability.

In September, the US core inflation showed no unexpected developments. On an annual basis, the PCE core inflation was 3.7%, compared to 3.8% in August. These figures matched economists’ expectations. The Federal Reserve uses the core inflation as a guideline for monetary policy.

The 6M Euribor increased with 2 basis points to 4.11% compared to previous business day. The 10Y Swap decreased with 3 basis points to 3.37% 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.