Market Information Thursday 28 September 2023

Producer sentiment of Dutch manufacturers remained unchanged in September. This was revealed on Thursday by figures from Statistics Netherlands. The confidence index came out at negative 2.2 in September, below the past 20-year average of 1.4. Confidence reached its highest value in November 2021 at 12.7. The lowest value was recorded in April 2020, at negative 28.7.

Minneapolis Fed Chairman Neel Kashkari is not sure that current interest rates will be enough to bring down inflation. When asked by CNBC if the funds rate of 5.25% to 5.50% will be high enough to reduce inflation to 2.0%, the chairman indicated not to be certain and that the neutral interest rate level, which neither stimulates nor inhibits the economy, may be higher.

Consumer confidence in France fell in September. This was revealed on Wednesday by figures from the French statistics agency Insee. The confidence index came in at 83 in September against 85 in August. Economists’ expectations for September were at 85.

The 6M Euribor decreased with 3 basis points to 4.09% compared to previous business day. The 10Y Swap increased with 3 basis points to 3.38% 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.