Market Information Tuesday 25 March 2025

The UK’s private sector grew at its fastest pace in six months, driven by a strong services sector benefiting from rising demand. The S&P UK PMI index climbed to 52.0 in March, signalling expansion, while manufacturing struggled due to weak exports and uncertainty over US trade tariffs. Businesses brace for potential disruptions as Trump’s tariff plans remain unclear.

Japan’s 5-year bond yield rose to 1.165%, the highest since October 2008, while the 10-year yield climbed to 1.575%. Bank of Japan Governor Kazuo Ueda reaffirmed that interest rates will continue to rise if inflation nears the 2% target, even at the risk of bond losses.

European stocks closed slightly lower, with the Stoxx 600 down 0.13% as optimism over US trade policy weakened. Germany’s DAX lost 0.17%, France’s CAC 40 fell 0.26%, and the UK’s FTSE 100 dipped 0.1%. Travel stocks rose after Heathrow reopened, while Swedish defense firm Saab gained 4.5% following an upgrade from UBS.

The 6M Euribor decreased with 1 basis point to 2.40% compared to previous business day. The 10Y Swap increased with 1 basis point to 2.68% 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.