Market Information Tuesday 8 April 2025

Oil prices fell about 2% on Monday, extending last week’s sharp losses as fears over President Trump’s tariffs raised concerns about a potential U.S. and global recession. Crude and Brent prices hit their lowest levels since 2021, with added pressure from increased OPEC+ output and Saudi Aramco’s price cuts. Trump welcomed the oil price drop, but analysts warned that tariffs could weaken economic activity and reduce oil demand.

Following President Trump’s announcement of new tariffs, investors are moving into traditional safe-haven assets like the Japanese yen, Swiss franc, bonds, and even the Brazilian real. The yen and franc have both strengthened against the dollar, and bond yields have dropped as demand rises. While the yen often performs well in times of global stress, analysts also highlight currencies like the Brazilian real for their relative independence from global trade pressures.

Bitcoin recovered slightly on Monday after dropping over $10,000 during the weekend amid a broader market sell-off triggered by fears over import tariffs. Prices briefly fell below $75,000 before bouncing back to around $78,000. Other cryptocurrencies like Ether and Solana also declined. The sharp move led to hundreds of millions in long position liquidations as investors pulled back from riskier assets.

The 6M Euribor decreased with 4 basis points to 2.26% compared to previous business day. The 10Y Swap increased with 8 basis points to 2.60% 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.