Market Information Tuesday 03 February 2026

France’s manufacturing sector expanded in January as the HCOB France Manufacturing final Purchasing Managers’ Index (PMI) rose to 51.2 from 50.7, above the flash 51.0 and the highest since June 2022. S&P Global said output growth was supported by increased European defence and military spending linked to the war in Ukraine. Hamburg Commercial Bank’s Jonas Feldhusen said the push for strategic autonomy in defence could keep supporting activity in 2026.

QatarEnergy CEO Saad al-Kaabi said rising electricity demand from AI and data centres could turn a projected global liquefied natural gas oversupply into a shortage by 2030. He also cited stronger fuel demand in Asia and Europe’s need to replace Russian gas. Major LNG supply additions are expected in 2026 to 2029, but executives at the LNG2026 conference said demand may still outpace supply, with some forecasting a doubling by 2050.

Bitcoin selling accelerated alongside broader risk-asset declines, with investors liquidating $2.56 billion, according to CoinGlass. Reuters said bitcoin fell from a recent peak above $126,000 and was trading around $78,396. Analysts linked the move to deteriorating risk sentiment that also hit equities and precious metals. Reported catalysts included disappointing Microsoft earnings that raised doubts about the AI trade and President Trump’s nomination of Kevin Warsh as Federal Reserve chair, seen as favouring tighter policy.

The 6M Euribor increased with 1 basis point to 2.16% compared to previous business day. The 10Y Swap increased with 2 basis points to 2.88% 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.