Market Information Thursday 18 July 2024

Inflation in the Eurozone slightly cooled in June, while core inflation remained stable, according to final figures from Eurostat released on Wednesday. Consumer prices rose by 2.5 percent last month, compared to 2.6 percent in May and 2.4 percent in April. Economists consulted beforehand had also expected an inflation rate of 2.5 percent. Core inflation, a key metric for the ECB, stood at 2.9 percent in June, the same level as in May and up from 2.7 percent in April. On a monthly basis, consumer prices in the Eurozone increased by 0.2 percent in June, while core prices rose by 0.4 percent.

Industrial production in the United States grew less in June than the previous month, according to an announcement from the Federal Reserve on Wednesday afternoon. In June, production increased by 0.6 percent, following a 0.9 percent increase in May. However, the slowdown in growth was less than expected, as economists had predicted a 0.3 percent rise. Capacity utilization rose to 78.8 percent in June from 78.3 percent in May, against an expectation of 78.5 percent.

Producer prices in the United Kingdom increased less in June than a month earlier, according to figures from the UK’s Office for National Statistics (ONS) released on Wednesday. On a yearly basis, prices rose by 1.4 percent following a 1.7 percent increase the previous month. Economists had expected a rise of 1.8 percent. On a monthly basis, the price level fell by 0.3 percent last month. A 0.1 percent increase had been expected. The previous month, prices remained stable on a monthly basis.

The 6M Euribor decreased with 1 basis point to 3.63% compared to previous business day. The 10Y Swap is unchanged at 2.69% 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.