Market Information Tuesday 30 December 2025

Oil prices closed higher after peace expectations around Ukraine cooled and Middle East supply worries resurfaced. Brent increased with USD 1.30 (2.1%) to USD 61.94 a barrel, while US West Texas Intermediate crude increased with USD 1.34 (2.4%) to USD 58.08. Russia said it would review its stance on peace talks after alleging Ukrainian drones targeted a presidential residence, claims Kyiv denied. Attention also shifted to Yemen after Saudi air strikes, while a delayed US stockpiles report kept inventory signals in focus.

In holiday-thinned trading, the yen extended its recovery, marking a fifth gain in six sessions as investors assessed Japan’s rate path and the risk of currency intervention. Minutes showed the Bank of Japan debated continuing hikes after lifting the policy rate to 0.75% from 0.5%. The dollar slipped 0.23% to 156.18 yen, after the yen had weakened to 157.77 post-meeting.

Tax changes in Trump’s One Big Beautiful Bill could become a principal macro driver in 2026. For households, lower income tax rates are made permanent, with withholding resets potentially lifting take-home pay and refunds. Temporary exemptions through 2029 cover tipped income up to USD 25,000 and overtime pay up to USD 12,500, while the cap on state and local tax deductions rises to USD 40,000. For companies, full expensing for certain equipment and US-based research spending returns.

The 6M Euribor decreased with 1 basis point to 2.12% compared to previous business day. The 10Y Swap decreased with 2 basis points to 2.92% 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.