Market Information Wednesday 10 September 2025

Good morning,

According to figures released yesterday by Statistics Netherlands, inflation stood at 2.8 percent in August, slightly below July’s 2.9 percent. The decline was mainly driven by declining prices for furniture and airline tickets. At the same time, clothing and fuel became more expensive.

President Emmanuel Macron has appointed Sébastien Lecornu as France’s new prime minister, after François Bayrou lost a confidence vote he had called himself over a multibillion-euro austerity plan aimed at reducing the budget deficit. Lecornu has been tasked with negotiating with parliamentary groups on the budget and other key agreements.

A revision by the U.S. Department of Labor shows that employment grew by nearly one million fewer jobs between April 2023 and March 2024 than previously reported, suggesting that job growth was already stalling before President Donald Trump imposed aggressive import tariffs. Investors are anticipating interest rate cuts by the Federal Reserve, which is set to announce its decision next week.

The 6M Euribor increased with 1 basis point to 2.11% compared to previous business day. The 10Y Swap increased with 1 basis point to 2.62% 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.