Market Information Wednesday 29 October 2025

Dutch voters head to the polls today in a highly unpredictable race following the collapse of Prime Minister Dick Schoof’s coalition. Geert Wilders’ PVV is leading in the polls but faces major hurdles in forming a government, as mainstream parties refuse to join a PVV-led coalition. Nearly half of voters remain undecided, and a fragmented result could make coalition talks complex and lengthy.

Argentina’s financial markets rallied after a strong midterm election victory for President Javier Milei’s party, La Libertad Avanza, which secured nearly 41 percent of the vote. Investors welcomed the result as a sign that Milei’s pro-market reforms, backed by the United States, will continue, easing fears of a peso devaluation and default. Experts suggest the government now has time and political support to adjust its exchange rate policy gradually, possibly floating the peso in 2026 if foreign investment increases.

Green energy stocks have rebounded sharply on a global scale, outperforming broader markets due to rising electricity demand, especially from artificial intelligence, as well as falling interest rates that make renewable investments more attractive. Despite policy setbacks such as Trump’s subsidy cuts, lower costs and increased urgency to expand energy supply have made clean technologies more competitive and central to the future energy mix.

The 6M Euribor increased with 2 basis points to 2.12% compared to previous business day. The 10Y Swap increased with 1 basis point to 2.62% 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.