Market Information Tuesday 24 December 2024

The National Statistics Institute (INE) reported on Monday that Spain’s gross domestic product expanded by 0.8% in the third quarter, aligning with both analyst predictions and earlier estimates. Annually, the growth rate was adjusted slightly to 3.3%, down from an initial estimate of 3.4%.

On Monday, oil prices showed signs of stabilization after previous declines, with only minor fluctuations in West Texas Intermediate and Brent prices. This occurred at the start of a calm holiday trading week in the oil market, following last week’s market stress caused by the Federal Reserve’s announcement that interest rate cuts next year will be less frequent than previously anticipated. This policy shift has strengthened the dollar, while concerns about future oil demand persist.

In November, existing homes in the Netherlands were nearly 12% more expensive than a year earlier, marking the largest increase in almost two years, as reported by CBS and the Kadaster. This trend positions the Netherlands among the top European countries in house price growth, alongside Ireland and Poland. While property values in Belgium and France remain at levels from a decade ago, Dutch prices have increased by 50% since 2015 when adjusted for inflation.

The 6M Euribor is unchanged at 2.62% compared to previous business day. The 10Y Swap increased with 3 basis points to 2.33% 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.