Market Information Wednesday 6 March 2024

Eurozone producer prices fell more than expected in January, primarily due to lower energy prices, with a monthly decrease of 0.9 percent and an annual drop of 8.6 percent. Excluding energy, producer prices saw a modest monthly increase of 0.2 percent but still decreased 1.5 percent year-on-year.

The Spanish economy continues to grow robustly, with the services sector expanding significantly in February, reaching a Purchasing Managers’ Index (PMI) of 54.7, the highest since May 2023, up from 52.1 the previous month. Similarly, the industrial PMI also increased, indicating growth from 49.2 to 51.5, with the composite index climbing to 53.9 in February, an index above 50 suggests expansion.

The French services sector contracted less in February, with the Purchasing Managers’ Index (PMI) increasing to 48.4 from 45.4 the previous month, according to final figures from S&P Global. The composite index, which also includes the French manufacturing sector, rose from 44.6 to 48.1, indicating a movement towards stabilization despite both sectors remaining below the 50 threshold.

The 6M Euribor increased with 1 basis point to 3.92% compared to previous business day. The 10Y Swap decreased with 8 basis points 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.