Market Information Wednesday 3 January 2024

Construction spending in the United States increased in November, according to data released by the U.S. government on Tuesday. On a monthly basis, expenditures rose by 0.4%. Analysts had expected an increase of 0.6%. On an annual basis, construction spending in November increased by 6.2%.

In November, the money supply in the eurozone declined again, as indicated by data from the European Central Bank released on Tuesday. On a year-on-year basis, the broad money supply, known as M3, decreased by 0.9%, following a contraction of 1.0% in October. Credit provision to households increased by 0.5% in November, compared to a growth of 0.6% in October.

In December, the industry in the eurozone contracted again, albeit to a lesser extent than in previous months, as indicated by the final figures released by S&P Global on Tuesday. The Purchasing Managers’ Index reached 44.4, compared to 44.2 the previous month, marking the highest level in seven months. An index reading above 50 indicates growth, while a reading below 50 indicates contraction.The 6M Euribor decreased with 2 basis points to 3.86% compared to previous business day. The 10Y Swap increased with 3 basis points to 2.52% 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.