Market Information Wednesday 25 September 2024

The People’s Bank of China acted again on Wednesday, following a series of stimulus measures announced the day before. The interest rate on one-year loans was lowered from 2.3 percent to 2.0 percent.

European stock markets closed higher on Tuesday after the Chinese central bank announced additional stimulus measures. Investors are hopeful that these steps will support companies struggling with weak demand from China. The Stoxx Europe 600 index rose by 0.7 percent to 519.70 points. Germany’s DAX increased by 0.8 percent, closing at 18,996.63 points. France’s CAC 40 climbed 1.3 percent to 7,604.01 points, while the UK’s FTSE gained 0.3 percent to finish at 8,282.76 points.

The increase in U.S. home prices slowed again in July compared to the previous month, according to data released Tuesday by S&P Case-Shiller. In the ten largest cities, home prices increased by 6.8 percent year-on-year, compared to a 7.4 percent rise in June.

The 6M Euribor increased with 3 basis points to 3.21% compared to previous business day. The 10Y Swap is unchanged at 2.40% 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.