Market Information Wednesday 13 November 2024

The Ukrainian government is determined to reform its war-torn economy by boosting domestic production and growing its industry, aiming to bring the economy closer to that of the European Union. Programs have already been established to provide subsidies and loans to small and medium-sized enterprises and offer relocation assistance to stimulate the economy. With an estimated reconstruction cost of $486 billion and the challenge of labor shortages due to millions of displaced citizens abroad, special agencies are planned to encourage the return of Ukrainians. These efforts aim to accelerate Ukraine’s economic growth and improve its integration with the EU.

Yesterday, the ZEW index was published, a measure of economic confidence in Germany, the index declined further in November. The index dropped from 13.1 in October to 7.4 in November, while an increase to 13.3 had been expected. Additionally, the final inflation figures from Germany indicated that the annual rate of inflation rose from 1.6 to 2.0 percent in October.

In October, the number of company bankruptcies in the Netherlands decreased by 11 percent compared to September, according to Statistics Netherlands. Despite this monthly decline, the overall trend has been increasing for over two years, with approximately 35 percent more bankruptcies in the first ten months of 2024 compared to the same period in 2023. The data also showed that the trade sector had the highest number of bankruptcies, although the transportation and storage sector experienced the highest relative rate of bankruptcies

The 6M Euribor increased with 1 basis point to 2.83% compared to previous business day. The 10Y Swap increased with 5 basis points to 2.35% compared to previous business day.