Market Information Wednesday 20 November 2024

In October, consumer prices in the eurozone increased by 2.0 percent year-on-year, up from 1.7 percent in September, aligning with the European Central Bank’s inflation target. Core inflation, a key indicator for the ECB, remained stable at 2.7 percent year-on-year, with a monthly increase of 0.2 percent. The monthly rise in consumer prices was 0.3 percent. 

Household investments in the Netherlands reached a record high of €190.4 billion in the third quarter, primarily driven by strong-performing American stocks and mutual funds. Investments in mutual funds increased by €3.9 billion to €118.9 billion, while direct investments saw a slight rise of 0.3%, mainly due to an increase in stock purchases. The S&P 500 index’s 5.4% rise and the Nasdaq’s 3% gain significantly contributed to household investment gains.

U.S. President elect Donald Trump has appointed Howard Lutnick as Secretary of Commerce. Lutnick is tasked with implementing increased import tariffs, as Trump has promised. During the campaign, Lutnick advocated for abolishing income tax and raising tariffs on Chinese goods.

The 6M Euribor decreased with 1 basis point to 2.74% compared to previous business day. The 10Y Swap is unchanged at 2.32% 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.