Market Information Thursday 16 May 2024

The economy in the eurozone grew faster in the first quarter of this year. This was evident from figures released by the statistics agency Eurostat on Wednesday. Growth reached 0.3 percent on a quarterly basis in the first three months of the year, in line with an earlier estimate. On an annual basis, the eurozone economy grew by 0.4 percent, also in line with previous figures. In the fourth quarter, the economy in the eurozone still contracted by 0.1 percent on a quarterly basis, but the GDP rose by 0.1 percent on an annual basis.

The Dutch economy shrank again in the first quarter. This was shown by figures from the Central Bureau of Statistics released on Wednesday. Over the quarter, the gross domestic product decreased by 0.1 percent compared with the fourth quarter, according to an initial calculation of Statistics Netherlands. In the last quarter of 2023, the Dutch economy still grew by 0.3 percent on a quarterly basis. The slight decline of GDP in the first quarter is mainly attributable to the export of goods and a greater withdrawal from inventories, according to Statistics Netherlands.

Consumer prices in the United States in April rose as expected. This was evident from figures released by the U.S. Department of Labor on Wednesday. Consumer prices increased by 3.4 percent on an annual basis in April, versus 3.5 percent a month earlier. Economists had also expected an inflation rate of 3.4 percent. Core inflation, which is adjusted for food and energy prices, was 3.6 percent on an annual basis compared with 3.8 percent a month earlier. Economists had also expected a rate of 3.6 percent.

The 6M Euribor is unchanged at 3.80% compared to previous business day. The 10Y Swap decreased with 12 basis points to 2.70% 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.