Market Information Monday 8 January 2024

According to Eurostat data, producer prices in the eurozone decreased by 0.3 percent on a monthly basis in November, following a 0.3 percent increase in October. On an annual basis, producer prices declined by 8.8 percent, indicating a smaller decrease compared to previous months. Excluding energy prices, producer prices dropped by 0.2 percent on a monthly basis and 0.5 percent on an annual basis in November.

The price for container shipping between Shanghai and Rotterdam has more than doubled in a week, according to data from research firm Drewry. Companies now pay $3577 to transport a 40-foot container, an increase of 115% compared to a week earlier. This price surge is attributed to the threatening situation in the Red Sea, where Houthi attacks force shipping companies to reroute via the Cape of Good Hope, affecting overall capacity and driving prices higher. Drewry anticipates further increases in the coming weeks due to ongoing uncertainties and the prolonged duration of the issues.

Extreme weather conditions, such as flooding and drought, threaten the Dutch real estate market. Climate change, subsidence, and foundation issues cause damage to properties. Additionally, insurers reject housing construction in high-risk areas. Research firm Calcasa estimates that Dutch homes could decrease in value by up to €325 billion. The AFM emphasizes that these risks are inadequately incorporated into housing prices.

The 6M Euribor decreased with 1 basis point to 3.87% compared to previous business day. The 10Y Swap increased with 3 basis points to 2.60% 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.