Market Information Wednesday 03 June 2026

Goldman Sachs CEO said markets are in greed mode with ample liquidity as big AI groups seek billions. He noted a planned $80bn equity raise was well received and argued markets can absorb an unprecedented slate of listings, with some poised to debut at trillion dollar valuations. Robust equity and debt conditions are prompting issuers to raise funds now, with AI gains potentially recycling into investment, and he sees the cycle as early.

The euro is starting to act as a safe haven, with risk episodes in 2025 to 2026 drawing inflows, partly at the expense of the dollar. Reserve data show a shift as foreign central bank Treasuries at the New York Fed fell $82bn in March to $2.7tn, gold’s share rose to 27% from 20%, Treasuries slipped to 22% from 25%, and the euro stayed at 15%. The central bank urges deeper EU capital markets to bolster the global role of the euro in capital markets.

Oil rose about 1 per cent as Brent settled at $96 and WTI at $93.76, with traders eyeing Iran talks. The Strait of Hormuz remains largely shut, curbing about one fifth of global oil and LNG flows. Inventories are tightening, with an estimated 4.0 million barrel US draw last week set to mark a sixth straight week as officials warn stocks could hit critical levels into summer.

The 6M Euribor decreased with 3 basis points to 2.52% compared to previous business day. The 10Y Swap decreased with 2 basis points to 3.02% 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.