Market Insights
Market Information Wednesday 10 July 2024
Britain’s new government has established a National Wealth Fund to boost public and private investment, aiming to attract billions of pounds to invest in growing industries to modernize the economy and to meet net zero targets. An additional £7.3 billion will be allocated through the UK Infrastructure Bank to start immediate investments, with hopes of drawing in three times as much from private capital for sectors like ports, hydrogen, and automotives.
Confidence among small American businesses rose from 90.5 to 91.5 in June, according to figures from the National Federation of Independent Business. Despite this improvement, the index has remained below the fifty-year average for 30 months. Small business owners remain pessimistic about the economy for the rest of the year due to higher compensation costs and persistent inflation.
Taiwan’s exports surged 23.5% in June, exceeding forecasts and caused by strong demand from the AI industry and a significant rise in shipments to the U.S., which increased by 74.2%. This marks the eighth consecutive monthly increase in exports, with the finance ministry predicting continued momentum into the second half of the year, driven by advanced chip production and new technology applications.
The 6M Euribor is unchanged at 3.68% compared to previous business day. The 10Y Swap increased with 3 basis points to 2.82% 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.
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