Market Information Thursday 25 April 2024

Crude oil inventories in the United States saw a significant drop last week, according to figures released by the U.S. Energy Information Administration (EIA) on Wednesday. For the week ending on April 19, crude oil inventories fell by 6.4 million barrels to 453.6 million barrels. Gasoline inventories decreased by 0.6 million barrels to 226.7 million barrels. However, distillate stocks, which include heating oil and diesel, did rise by 1.6 million barrels to 116.6 million barrels. Refinery utilization rates climbed from 88.1 to 88.5 percent.

New orders for durable goods in the U.S. rose in March as expected, according to figures from the U.S. government released on Wednesday. Orders were 2.6 percent higher last month compared to a month earlier, which matched economists’ forecasts for a 2.6 percent increase. Excluding transportation, which includes automobiles, orders were 0.2 percent higher. Orders excluding defense contracts rose by 2.3 percent. Orders in February increased by 0.7 percent on a monthly basis, revised from an initially reported uptick of 1.4 percent.

The Ifo index for the business climate in Germany rose slightly more than expected in April, figures from the German research institute Ifo showed on Wednesday. The composite index for the German business climate in industry and trade increased from 87.9 to 89.4 this month, with analysts having predicted a rise to 88.8. The sub-index for current conditions registered at 88.9, while the sub-index for expectations stood at 89.9.

The 6M Euribor decreased with 1 basis point to 3.84% compared to previous business day. The 10Y Swap increased with 8 basis points to 2.89% 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.