Market Information Monday 4 September 2023

German exports declined in July 2023, while imports increased, as revealed by data from the German statistical agency Destatis on Monday. Exports fell by 0.9% on a monthly basis, which was a smaller decrease than the 1.5% decline that was expected by economists.

The oil price has continued to rise and was trading near its highest point since November of last year. With a settlement at $85.55, the price of a barrel of West Texas Intermediate increased with 2.3% on Friday. On a weekly basis, the oil price increased by approximately 7%.

The U.S. manufacturing sector decreased less in August 2023 compared to the previous month. This was revealed in data from the Institute for Supply Management on Friday. The Purchasing Managers’ Index (PMI) increased from 46.4 in July 2023 to 47.6 last month. The market had anticipated an index reading of 46.9.

The 6M Euribor increased with 3 basis points to 3.99% compared to previous business day. The 10Y Swap increased with 8 basis points to 3.12% 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.