Market Information Tuesday 17 September 2024

Falling crude prices threaten major energy companies’ ability to lift returns and require a new pitch to investors. Slowing global demand, especially from China, keeps oil prices low, pressuring European majors to prove the profitability of their low-carbon investments. US majors with shale opportunities face less immediate pressure.

UK house prices rose sharply in September due to declining mortgage rates and the stability brought by a new government. The average asking price increased to £ 370,759, driven primarily by the demand for larger properties. Market confidence led to a 14% increase in new sellers compared to last September, but uncertainty remains about potential changes in the forthcoming government budget.

US companies plan smaller pay increases in 2025, averaging 3.6%, down from 4% in 2024, due to easing worker demand and inflation. The loosening job market allows employers to retain staff with smaller raises and increase demands on employees. However, sectors like healthcare still offer significant pay rises due to high demand for nurses.

The 6M Euribor decreased with 4 basis points to 3.31% compared to previous business day. The 10Y Swap decreased with 2 basis points to 2.40% 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.