Market Information Monday 4 March 2024

In February, the industry in the Eurozone shrank according to final figures from S&P Global, with a purchasing managers’ index dropping from 46.6 to 46.5, slightly less than initially feared. Chief Economist Cyrus de la Rubia noted that the recession in the European industry persists, but there are cautious signs of potential demand recovery.

In February, the Netherlands exhibited reduced annual inflation, with the price level rising by 2.8 percent compared to a 3.2 percent increase in January. Services and food contributed to the rise, albeit at a slower pace than the previous month.

Fitch maintains the U.S. credit rating at “AA+” with a “stable” outlook. Fitch predicts a slowed GDP growth for 2024 despite economic resilience and emphasizes concerns about increasing interest burdens. However, Moody’s lowered the outlook to “negative” in November due to substantial budget deficits and decreasing debt affordability.

The 6M Euribor decreased with 1 basis point to 3.91% compared to previous business day. The 10Y Swap decreased with 1 basis point to 2.72% 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.