Market Information Thursday 08 January 2026

The U.S. has seized a Russian-flagged tanker linked to Venezuela as part of President Trump’s strategy to control oil flows in the Americas. With Venezuela’s leader Maduro deposed, the U.S. is blockading sanctioned vessels, escalating tensions with Russia and China. Trump aims to divert Venezuela’s oil from China, alleging U.S. bullying. China condemns these actions, while Trump plans to refine and sell Venezuelan oil to benefit both nations. Sources indicate negotiations for an export deal are progressing. Oil prices have fallen due to anticipated supply increases from Trump’s plan. Trump’s actions have been met with unease from Washington’s allies and condemnation from Venezuela’s leftist allies.

Major U.S. banks are expected to report higher fourth-quarter 2025 profits, driven by a rebound in investment banking revenue due to increased merger and acquisition activities. Analysts expect broad credit growth and improved net interest margins to support bank profits, with forecasts for solid economic growth and stable inflation. The S&P bank index has risen by 3% this year so far.

Unemployment in Germany has reached the highest level since 2013, with 2.9 million job seekers in December, representing 6.3% of the workforce. In 2025, unemployment increased by 161,000 people. Despite stimulus packages from the German government aimed at reviving the construction sector, Andrea Nahles, head of the employment agency, does not anticipate a significant improvement in the labour market in 2026. In comparison, unemployment in the Netherlands is 4% of the workforce.

The 6M Euribor is unchanged at 2.10% compared to previous business day. The 10Y Swap decreased with 5 basis points to 2.86% 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.