Market Information Wednesday 24 June 2026

Eurozone business activity contracted for a third straight month in June, though at a slower pace, with the PMI rising to 49.5 from 48.5 and above expectations of 49.2. The reading signals flat GDP growth as the private sector has seen no job creation for six months. Easing inflation pressures and slower cost increases point to possible looser monetary policy.

US tech stocks fell sharply as doubts over AI valuations triggered a broad sell off in semiconductor shares. The Nasdaq dropped 2.2% and the S&P 500 lost 1.4%, while key chip stocks fell up to 13% despite strong growth expectations. Rising rate expectations and a rotation into bonds and safe haven currencies added to market pressure.

The US economic suffers from an energy driven price shock, weighing on sentiment as only about one third of adults approve of economic policy. Tariffs reduced the trade deficit but also contributed to layoffs, highlighting pressure on industry. Expectations of lower oil prices aim to ease costs and stabilise markets.

The 6M Euribor increased with 1 basis point to 2.63% compared to previous business day. The 10Y Swap decreased with 3 basis points to 2.97% 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.