Market Insights

Market Information Wednesday 22 November 2023

The US stock markets America closd lower on Tuesday evening after the minutes of the last meeting of the Federal Reserve were published. The S&P500 index fell by 0.2%, while the Nasdaq lost 0.6%. The minutes showed that US policymakers still have concerns about rising inflation, as a result of a continued strong US economy. Consequently, interest rate policy should remain restrictive for some time to come.

Sales of existing homes in the United States fell in October. This emerged on Tuesday from figures from the real estate agency NAR. The number of existing homes sold fell by 4.1% to a figure of 3.79 million on an annual basis. In advance, economists considered a figure of 3.90 million. The median sales price, however, increased by 3.4% to $391,800.

Last month, sales of new passenger cars in the European Union increased. The increase was at a higher pace than a month earlier. This was reported by the trade organization ACEA. The number of new cars sold increased last month by 14.6% year on year to 855,484. In September, sales increased by 9.2%. In the Netherlands, sales fell by 1.5%, while sales in Belgium increased by 26.6%. Sales in Germany also rose by 4.9%, while sales in France even shot up by 21.9%. Sales of electric cars increased by 36.3% and 13.2% fewer diesel cars were sold.

The 6M Euribor is unchanged at 4.06% compared to previous business day. The 10Y Swap decreased with 3 basis points to 3.05% 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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