Market Insights

Market Information Wednesday 14 February 2024

In January, the number of Dutch companies going bankrupt decreased compared to December, but the strong upward trend persists, according to CBS. The number of bankruptcies increased by more than 60% compared to last year. The trade sector had the most bankruptcies, driven by those in the hospitality industry.

Investors have become more optimistic about Germany’s prospects as the ZEW Indicator of Economic Sentiment for Germany rose to 19.9 points in February 2024, up from 15.2 in January. However, the assessment of the current economic situation fell to -81.7 points, the lowest since June 2020. Investors are optimistic about Germany’s future amid falling inflation and anticipated interest rate cuts. Despite this, analysts foresee a sluggish recovery for the German economy, emphasizing structural challenges.

Consumer prices in the US in January rose more than predicted according to the Department of Labor. Consumer prices increased by 3.1 percent annually in January, compared to 3.4 percent the previous month. Economists had expected an inflation rate of 2.9 percent. This supports the caution of the Fed regarding interest rate cuts despite ongoing public pressure.

The 6M Euribor increased with 1 basis point to 3.91% compared to previous business day. The 10Y Swap increased with 3 basis points to 2.76% 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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