Market Information Thursday 23 May 2024

Oil prices closed lower for the third consecutive day on Wednesday, following a rise in U.S. oil inventories. West Texas Intermediate settled at $77.57, down 1.4 percent. In the week ending May 17, crude oil inventories increased by 1.8 million barrels, while gasoline inventories decreased by 0.9 million barrels. Inventories of heating oil and diesel rose by 0.4 million barrels, and refinery utilization capacity increased from 90.4 to 91.7 percent.

Consumer prices in the United Kingdom rose more than expected in April, according to figures from the ONS released on Wednesday. On an annual basis, prices rose by 2.3 percent, compared to economists’ forecast of a 2.1 percent increase. The previous month saw a price level increase of 3.2 percent. Prices rose by 0.3 percent on a monthly basis, following a 0.6 percent increase a month earlier. A 0.2 percent increase was expected.

Existing home sales in the United States fell in April, according to figures from the National Association of Realtors (NAR) released on Wednesday. On a monthly basis, sales decreased by 1.9 percent to 4.14 million homes on an annualized basis. Economists had anticipated a 1.4 percent increase to 4.25 million sold homes.

The 6M Euribor decreased with 1 basis point to 3.78% compared to previous business day. The 10Y Swap increased with 3 basis points to 2.80% 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.