Market Information Thursday 15 February 2024

The Dutch economy showed a recovery in the fourth quarter of 2023, with growth of 0.3 percent compared to the third quarter, according to data reported by CBS (Statistics Netherlands). Nevertheless, GDP contracted by 0.5 percent on an annual basis. Consumer spending, supported by government consumption and investments, primarily contributed to the economic upturn after three quarters of contraction. In December, Dutch households increased their spending by 0.3 percent year-on-year, with more money spent on services and less on goods. The figures have been adjusted for inflation and shopping days.

The economy in the eurozone remained stable in the fourth quarter compared to the third quarter, as indicated by Eurostat data. The economy showed neither growth nor contraction from the previous quarter but did rise by 0.1 percent on an annual basis. The stagnation aligns with economists’ expectations.

U.S. oil stocks showed a significant increase, while inventories of gasoline, heating oil, and diesel decreased, according to figures from the U.S. Energy Information Administration (EIA). The capacity utilization of refineries in the U.S. decreased to 80.6 percent.

The 6M Euribor decreased with 3 basis points to 3.88% compared to previous business day. The 10Y Swap decreased with 6 basis points to 2.70% 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.