Market Information Tuesday 30 April 2024

The Federal Reserve is likely to continue its strict monetary policy on Wednesday and warn the market about the risk of further delays in interest rate cuts. This is due to persistent high inflation and strong economic growth, which could lead to a hawkish approach from Chairman Jerome Powell.

Consumer confidence in the eurozone improved in April, rising from -14.9 to -14.7, but remained negative. At the same time, the index for economic sentiment in the eurozone fell by 0.6 points to 95.6.

German inflation edged up slightly in April, with consumer prices increasing by 0.5 percent on a monthly basis, slightly below the expectation of 0.6 percent. On an annual basis, inflation remained stable at 2.2 percent, while core inflation fell from 3.3 to 3.0 percent.

The 6M Euribor increased with 1 basis point to 3.84% compared to previous business day. The 10Y Swap decreased with 5 basis points to 2.81% 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.