Market Information Tuesday 21 October 2025

Oil settled at a five-month low on Monday as oversupply worries outweighed demand hopes, with Brent closing at $61.01/bbl and WTI at $57.52/bbl; intraday losses exceeded $1 before a late stabilisation. The lower price tracks rising U.S. crude inventories and a looser forward balance flagged by recent IEA projections, reinforcing a bearish near-term backdrop.

Germany’s federal and state tax revenues rose 2.6% y/y in September to €88.4bn, with wage tax stronger while VAT was broadly flat. Cumulatively, receipts increased 6.2% y/y to €665bn in January–September, though the finance ministry cautioned that weak momentum in activity limits upside near term.

China’s housing downturn deepened in September: new-home prices fell 0.4% m/m and 2.2% y/y, the highest annual drop in 11 months. Price declines broadened, with 63 out of 70 cities lower on the month and 61 down on the year, keeping pressure on policymakers to shore up demand and confidence.

The 6M Euribor is unchanged at 2.11% compared to previous business day. The 10Y Swap decreased with 1 basis point to 2.58% 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.