Market Information Wednesday 04 March 2026

The United States is threatening to end trade with Spain after the Spanish government refused to allow US forces to use two joint military bases following Spain’s condemnation of US attacks on Iran. President Trump criticized Spain as a poor ally and claimed the US could use the bases regardless of Spain’s objections, and ending trade would hit Spain hard, especially its agricultural exports, adding to earlier tensions over Spain’s refusal to increase defense spending.

Wall Street fell on Tuesday as investors worried that the escalating conflict in the Middle East could raise oil prices, inflation and disrupt global trade, briefly pushing the S&P 500 to its lowest point in more than two months. Major indices opened with losses above 2 percent before partially recovering, with broad declines across sectors, sharp drops in travel and tourism stocks, pressure on Blackstone after high withdrawal requests and rising US Treasury yields driven by inflation concerns.

Global hydrogen ambitions are stalling as projects are cancelled or delayed, costs rise and the technology proves hard to scale. Research shows that importing liquefied hydrogen from countries like Brazil is far less efficient and more expensive than expected, while local use there would be cheaper and cleaner. The sector remains in the pilot phase and confidence shifts toward battery solutions. Experts expect hydrogen to take decades to become widely used.

The 6M Euribor is unchanged at 2.13% compared to previous business day. The 10Y Swap increased with 4 basis points to 2.77% 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.