Market Information Wednesday 15 July 2026

China’s economy expanded by 4.3% in the second quarter, its lowest pace since late 2022 and below the government’s target range, as investment fell 5.7%. Stronger industrial output (+5.3%) and exports provided support, but weak domestic demand and the prolonged property downturn continued to weigh on growth. The data is likely to intensify calls for additional policy stimulus in the months ahead.

Dutch pension funds have allocated just 1.3% of assets to private credit, compared with 8.3% for insurers, leaving current systemic risks contained according to the Dutch central bank. However, the regulator warns that the market, worth around $2tn, is expanding rapidly and remains relatively opaque. Stress testing and closer monitoring are being developed to assess potential vulnerabilities and interconnected risks.

Global equities advanced after U.S. inflation slowed to 3.5%, below expectations, while strong bank earnings boosted investor sentiment and eased concerns over further rate hikes. Oil prices rose, with Brent settling at $84.73 a barrel, as escalating U.S.-Iran tensions fuelled supply concerns around the Strait of Hormuz. Falling Treasury yields and a weaker dollar supported risk assets, although geopolitical risks remain a key market overhang.

The 6M Euribor decreased with 1 basis point to 2.62% compared to previous business day. The 10Y Swap decreased with 1 basis point to 3.14% 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.