Market Information Thursday 23 November 2023

According to Schroders, Dutch listed companies exhibit the lowest societal impact per earned euro, even underperforming companies established in Saudi Arabia and China. The study, utilizing 45 indicators, reveals that Spanish, German, and Danish stock funds have the most significant positive external effect per euro in revenue. The Netherlands’ low score is partly attributed to the negative influence of alcohol producers in the MSCI Netherlands Index. While there is currently no cause for concern, the research underscores the importance of evaluating the external effects of the entire economy.

Global smartphone sales show signs of recovery, according to Canalys, after a 12% decline last year. Although a 5% decline is expected in 2023, researchers predict global growth of 4% in 2024. Consumers are now more willing to spend on smartphones, and the Middle East, Africa, and Latin America are already showing growth this year. Canalys estimates that approximately 1.13 billion mobile phones will be sold globally this year, rising to 1.25 billion in 2027. The agency emphasizes that, despite the improvement, deliveries still remain over 20% below the peak of 2017.

Following a decline in September, global steel production increased again in October, according to data from the World Steel Association. In total, 71 countries produced 150.0 million tons of steel last month, marking a 0.6% rise compared to October of the previous year. China, the world’s largest steel producer, experienced a 1.8% decrease in production, while Germany noted a decline of 8.8%. Conversely, the United States and India saw increases of 3.4% and 15.1%, respectively. Japan and Russia also showed rises in steel production, whereas the European Union recorded a 7.1% decrease.The 6M Euribor increased with 1 basis point to 4.07% compared to previous business day. The 10Y Swap decreased with 1 basis point to 3.04% 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.