Market Insights

Market Information Wednesday 28 February 2024

In December, U.S. housing prices increased at a faster pace compared to November, with the Case-Shiller index revealing a 6.1% year-on-year rise in the 20 largest metropolitan areas and a 7.0% jump in the 10 largest cities, despite a month-over-month decrease of 0.3% and 0.2% respectively.

The euro is trading in a narrow range around 1.0860 dollars, with investors awaiting U.S. inflation data for January that will influence the Fed’s monetary policy decisions. A rise in core inflation is expected on a monthly basis with a slight decline year-on-year, with significant attention focused on Thursday’s PCE inflation and upcoming monetary policy statements.

German consumer confidence has slightly improved for March, with the GfK research institute’s index rising to -29.0 from February’s -29.6, matching economists’ expectations. French consumer confidence unexpectedly fell in February, with the INSEE confidence index dropping to 89 from January’s 91, contrary to economists’ expectations of an increase to 92.

The 6M Euribor decreased with 1 basis point to 3.90% compared to previous business day. The 10Y Swap increased with 2 basis points to 2.80% 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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