Market Information Thursday 30 April 2026

Eurozone economic sentiment fell to a three-and-a-half-year low in April as the Iran war weighed heavily on services and consumer confidence. The Economic Sentiment Indicator dropped to 93.0 from 96.6, while price pressures intensified, with inflation expected to rise to 2.9%. Moreover, Europe’s central banks are in focus today, as the European Central Bank and the Bank of England announce their latest policy decisions, with rates expected to remain unchanged but attention increasingly shifting to June for possible, limited rate hikes.

DBS Bank expects China’s economic growth to moderate over the next 12 to 18 months, signalling rising slowdown risks for the world’s second-largest economy. The forecast reflects weaker domestic consumption, a prolonged property sector downturn and softer export demand amid geopolitical tensions. While sectors such as renewable energy remain resilient, DBS warns that structural challenges, including demographics and debt constraints, will likely cap growth and weigh on global trade and commodity demand.

Wall Street banks have increased their US Treasury holdings to the highest level since 2007, encouraged by easing capital regulations under the Trump administration. Primary dealers now hold about $550bn in Treasuries on average, up from less than $400bn last year, representing nearly 2% of the market. Looser leverage rules have enabled banks to expand market-making, though structural changes mean hedge funds and high-frequency traders remain dominant.

The 6M Euribor decreased with 3 basis points to 2.44% compared to previous business day. The 10Y Swap increased with 4 basis points to 3.14% 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.