Market Information Thursday 11 September 2025

US producer prices slipped 0.1 per cent in August, reversing a 0.7 per cent rise in July. Core prices also edged down 0.1 per cent. Year-on-year, producer prices increased 2.6 per cent and core prices 2.8 per cent, both coming in below expectations. The weaker figures add weight to bets on a Federal Reserve rate cut as evidence of cooling momentum in the economy accumulates.

In China, consumer prices declined 0.4 per cent last month and producer prices fell 2.9 per cent, pointing to stubborn deflationary pressure. Core inflation climbed 0.9 per cent, the strongest since February, fuelled by gains in household appliances and clothing. Soft export growth of 4.4 per cent and further falls in food prices underline the strain on domestic demand as calls grow for more forceful fiscal measures.

Brazil registered a 0.11 per cent fall in consumer prices in August, bringing annual inflation down to 5.13 per cent. After two months of slower price growth, the central bank is expected to hold the policy rate at 15 per cent. Political frictions and uncertainty over fiscal spending cloud the outlook as growth begins to lose pace.

The 6M Euribor is unchanged at 2.11% compared to previous business day. The 10Y Swap decreased with 1 basis point to 2.61% 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.