Market Information Thursday 21 December 2023

In November, consumer prices in the United Kingdom rose less sharply than in the previous month, according to data from the Office for National Statistics (ONS). On a yearly basis, the increase was 4.2 percent, while economists had expected a rise of 4.4 percent. In the previous month, the price level had risen by 4.7 percent. On a monthly basis, prices decreased by 0.1 percent, following a 0.4 percent increase in October. Producer prices fell by 2.6 percent on a yearly basis in November, which was also the case in October.

In December, the confidence of American consumers in the economy rose more than expected, according to data from The Conference Board. The Consumer Confidence Index increased from 101.0 in November to 110.7 in December, while economists had expected an increase to 104.5. The November figure was slightly revised downward from a previously reported 102.0. The sub-index for economic expectations for the next six months rose to 85.6, compared to 77.4 in November. An expectations index of less than 80 is considered a signal of a potential recession within a year, according to The Conference Board. The sub-index for the current situation also showed a strong increase, from 136.5 to 148.5.

In November, unemployment in the Netherlands continued to decline, according to figures from Statistics Netherlands. The unemployment rate decreased from 3.6 percent in October to 3.5 percent in November, after reaching 3.7 percent in September. The average number of unemployed individuals decreased by 2,000 per month over the past three months, reaching 357,000 in November. At the same time, an average of 15,000 people per month found paid employment. In November, there were 3.6 million individuals aged 15 to 75 without paid work.

The 6M Euribor increased with 2 basis points to 3.92% compared to previous business day. The 10Y Swap decreased with 5 basis points to 2.44% 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.