Market Insights
Market Information Thursday 4 July 2024
Producer prices in the eurozone fell again in May, according to Eurostat, the European statistics office, on Wednesday. On a monthly basis, producer prices fell by 0.2 percent in May. In April, the decline was 1.0 percent. On an annual basis, producer prices decreased by 4.2 percent in June. A month earlier, the decrease was 5.7 percent. The decline was partly attributed to lower energy prices. Excluding energy prices, producer prices in May increased by 0.1 percent on a monthly basis. On an annual basis, prices excluding energy decreased 0.4 percent in May.
The service sector in the eurozone grew less in June, according to final figures reported by S&P Global on Wednesday. The index for the service sector fell from 53.2 to 52.8. Economists had expected an index of 52.6. The purchasing managers’ index for the manufacturing sector in the eurozone appeared to have dropped from 47.3 to 45.8 on Monday. The composite index thus fell from 52.2 to 50.9, the lowest level in three months.
Growth in the U.S. service sector rose more than expected in June. This was evident from data published by S&P Global on Wednesday. The purchasing managers’ index for the service sector increased from 54.8 in May to 55.3 in June. An improvement to 55.1 was expected.
The 6M Euribor is unchanged at 3.68% compared to previous business day. The 10Y Swap decreased with 4 basis points to 2.83% 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.
![](https://zandersgroup.com/app/uploads/2023/05/Asset-managers.-didier-weemaels-ZKVBM2_Dp84-unsplash.jpg)