Market Information Wednesday 28 January 2026

U.S. consumer confidence fell sharply in January to its lowest level since May 2014, as concerns about a weakening labor market and high prices intensified. The Conference Board index dropped 9.7 points to 84.5, well below expectations, with perceptions of job availability at a near five-year low. Despite this, the Federal Reserve is still expected to keep interest rates unchanged, and markets reacted calmly.

India and the European Union have reached a long-awaited trade agreement that will sharply cut tariffs on most goods, covering 96.6% of EU exports to India and 99.5% of Indian exports to the EU over time. The deal is expected to double EU exports to India by 2032 and save European companies about €4 billion in duties, while opening up India’s tightly protected market. Agriculture products are largely excluded from the agreement.

French cognac producers plan to uproot vineyards to reduce output as demand for the spirit has dropped sharply due to trade tensions and tariffs. Growers will receive up to €10,000 per hectare in compensation, as total cognac sales have fallen by more than a third over the past three years to around 140 million bottles in 2025. While new trade deals may open markets, industry leaders say it will take time for demand to recover.

The 6M Euribor is unchanged at 2.16% compared to previous business day. The 10Y Swap increased with 1 basis point to 2.90% 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.