Market Information Monday 31 July 2023

According to the Central Bureau of Statistics (CBS), the preliminary Dutch year-on-year inflation rate is 4.6% in July. This indicates that prices are rising more slowly than in June, when inflation stood at 5.7%. The decrease is mainly caused by lower energy costs. Food prices rose 11.6% in July, down from 12.6% in June.

According to the U.S. Bureau of Labor Statistics, compensation for civilian employees increased 4.5% in June compared to a year ago. During the same period in the previous year, compensation increased by 5.1%, indicating a slight moderation in the rate of growth. Wages and salaries (a component of total compensation) increased 4.6% from a year ago.

The price of a barrel of crude oil reached its highest point in three months on Friday. On a weekly basis, oil prices increased 4.6%. The price is increasing because the fear of an economic recession has decreased. Additionally, Saudi Arabia’s decreased production in July and August by 1 million barrels per day (about 1% of total global production).

The 6M Euribor increased with 2 basis points to 3.97% compared to previous business day. The 10Y Swap increased with 1 basis point to 3.08% 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.