Market Information Tuesday 1 October 2024

Oil prices remained stable with concerns of oversupply balanced against rising tensions between Israel and Hezbollah. West Texas Intermediate hovered near $68 per barrel. Equity markets dipped slightly as traders anticipated comments from Federal Reserve Chair Jerome Powell.

Inflation decreased in six German states in September. In North Rhine-Westphalia, the consumer price increase rate fell to 1.5% from 1.7% in August. In Hessen, it declined to 1.2% from 1.5%. Recent inflation figures from France and Spain dropped below the ECB’s 2% target. Analysts polled by Bloomberg expect Germany’s overall inflation to reach 1.8%, marking the first time below 2% since February 2021.

Chinese stocks surged on Monday, marking their largest single-day gains in 16 years, driven by Beijing’s new stimulus measures. The CSI300 blue-chip index has risen nearly 30% from its February low, indicating a potential bull market. The Shanghai Composite Index jumped 8.1% on Monday.

The 6M Euribor decreased with 1 basis point to 3.15% compared to previous business day. The 10Y Swap decreased with 1 basis point to 2.35% 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.