Market Information Thursday 11 April 2024

Consumer prices in the United States rose more than expected in March. This was evident from figures released on Wednesday by the U.S. Department of Labor. Consumer prices increased by 3.5 percent on an annual basis in March, compared with 3.2 percent a month earlier. Economists had anticipated inflation to be at 3.4 percent. Core inflation, which is adjusted for food and energy prices, was 3.8 percent on an annual basis, the same as the previous month. Economists had forecasted a core inflation rate of 3.7 percent. On a monthly basis, both consumer and core prices rose by 0.4 percent. This was likewise 0.4 percent a month earlier.

The Dutch industrial sector produced less in February as well, but the decline was less than in January. This was revealed on Wednesday by data from Statistics Netherlands. The output, adjusted for calendar effects, decreased by 2.3 percent on an annual basis. This marks the eighth consecutive month of declining production. The production decrease was 4.8 percent on an annual basis in January. Industrial producers were slightly more negative in March compared to February. Manufacturers were less positive about the expected activity and more negative about their inventories.

U.S. crude oil inventories increased last week. This was shown from figures released Wednesday by the U.S. Energy Information Administration (EIA). In the week ending on April 5, crude oil inventories rose by 5.8 million barrels to 457.3 million barrels. Gasoline inventories increased by 0.7 million barrels to 228.5 million barrels. Inventories of heating oil and diesel rose by 1.7 million barrels to 117.7 million barrels. Refinery utilization rates decreased from 88.6 percent to 88.3 percent.

The 6M Euribor increased with 2 basis points to 3.87% compared to previous business day. The 10Y Swap increased with 6 basis points to 2.71% 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.