Market Information Monday 8 July 2024

Employment in the United States grew by 206,000 jobs in June, slightly more than the expected 200,000, while the unemployment rate rose to 4.1 percent. Wage growth was 0.1 percent on a monthly basis and 3.86 percent annually, slightly lower than the expected 3.9 percent. Job growth for May was significantly revised from 272,000 to 218,000, and the figure for April was corrected from 165,000 to 108,000.

In May, German industrial production fell by 2.5 percent compared to the previous month, while economists had expected a decrease of 0.2 percent. In April, the decline was only 0.1 percent. On a yearly basis, German production decreased by 6.7 percent in May, after a decline of 3.7 percent in April.

Oil prices closed lower on Friday after Independence Day but rose by 2.0 percent on a weekly basis. Analysts noted that oil futures are recovering from the low levels of early June, resulting in a rally of over 10 dollars to the highest point in two months. Weekly EIA reports showed a larger-than-expected decline in oil inventories, supporting prices despite concerns about slowing growth.

The 6M Euribor is unchanged at 3.68% compared to previous business day. The 10Y Swap decreased with 5 basis points to 2.80% 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.