Market Information Wednesday 11 October 2023

On Tuesday, oil prices fell 0.5% to $85.97 a barrel after rising more than 4% on Monday following the outbreak of war between Israel and Gaza. Nonetheless traders remain concerned about the situation in Israel, as analysts say this could push the price of a barrel of oil up to last year’s levels. Israel itself is not a big exporter of oil, but a possible involvement of oil-rich Iran could have a significant impact on the supply of oil.

In line with expectations, German inflation has fallen to 4.5%. This was confirmed on Wednesday by final figures from the German statistics agency Destatis. The trend of falling inflation continues, with an inflation level on annual basis equal to 6.2% in July and 6.1% in August.

The United States has decided to allow the export of semiconductor equipment to SK Hynix and Samsung factories in China again without having to request permission. The factories of the two South Korean superpowers are labelled as ‘verified end users’, which means fewer permits are required to import material from abroad. This resolves the export issue for South Korean semiconductor manufacturers. Dutch semiconductor manufacturers also face or fear such export sanctions.

The 6M Euribor increased with 2 basis points to 4.13% compared to previous business day. The 10Y Swap is unchanged at 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.

In the attachment, today’s market data on money and capital market rates as well as other rates are presented.