Market Information Wednesday 16 April 2025

Annual inflation in Canada unexpectedly eased to 2.3% in March. In the wake of an earlier sales tax break, consumer prices showed acceleration, with significant increases seen in food and alcohol. However, these increases were offset by a reduction in gasoline and travel tours prices. Furthermore, data released yesterday also indicated that, despite the reduced inflation rate, core inflation indicators remained elevated.

Data released yesterday from Eurostat revealed that industrial output in the eurozone unexpectedly increased in February. Production in the sector grew by 1.1 percent compared to January, which had already seen a rise of 0.6 percent.

According to yesterday’s data, the UK’s job market showed signs of weakness ahead of the April tax increase on employers, despite continued robust wage growth. The Office for National Statistics revealed that vacancies dropped below pre-pandemic levels for the first time, while the economy faces potential challenges from impending U.S. trade tariffs.

The 6M Euribor decreased with 3 basis points to 2.21% compared to previous business day. The 10Y Swap increased with 2 basis points to 2.52% 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.