Market information Wednesday 1 November 2023

Inflation in the eurozone declined further in October. Consumer prices rose by 2.9% year on year in October, while they rose by 4.3% in September. Core inflation, an important indicator for the ECB, was 4.2% in October. In September core inflation was 4.5%. Core inflation excludes the prices of food, alcohol, and tobacco.

The eurozone economy shrank unexpectedly in the third quarter of this year, according to Eurostat as reported on Tuesday. In the third quarter, the gross domestic product of the European economy decreased by 0.1% compared to the previous quarter. Economists anticipated no growth. In the second quarter of this year, the economy still grew by 0.2%. On an annual basis, the economy grew by 0.1% last month.

Standard & Poor’s Case-Shiller data on Tuesday showed that house prices in the largest metropolitan areas in the United States also rose in August. In the 20 largest urban regions, house prices rose by 0.4% month on month, while the increase was 2.2% on annual basis. Economists expected an increase of 0.8%. A month earlier, house prices in the 20 largest regions rose by 0.6%.

The 6M Euribor increased with 1 basis point to 4.11% compared to previous business day. The 10Y Swap decreased with 1 basis point to 3.35% 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.