Market Information Thursday 30 May 2024

German inflation for May rose slightly less on an annual basis than anticipated. This was evident from preliminary figures from the German statistics office Destatis, on Wednesday. On an annual basis, inflation was 2.4 percent compared to 2.2 percent a month earlier and an expected 2.5 percent. On a monthly basis, German consumer prices rose by 0.1 percent compared to 0.5 percent a month earlier. Expectations were at 0.2 percent. Core inflation remained at 3.0 percent.

Consumer confidence in France remained unchanged in May. This was evident from data from the French national statistics bureau Insee, on Wednesday. The confidence index came in at 90, the same as the reading in April. Economists had expected an index of 91 for May.

Investments in the Netherlands fell sharply again in March. This was reported by Statistics Netherlands on Wednesday. The volume of investments in tangible fixed assets was 8.6 percent lower than a year earlier, reported the CBS. This was mainly due to lower investments in buildings. Investments in infrastructure and machinery were also lower than the previous year. Investments have now been declining for seven consecutive months.

The 6M Euribor decreased with 3 basis points to 3.75% compared to previous business day. The 10Y Swap increased with 9 basis points to 2.93% 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.