Market Information Wednesday 7 May 2025

In March, the trade balance of the United States showed another deficit, with imports increasing by 4.4 percent to $419 billion, while exports grew by just 0.2 percent to $278.5 billion. As a result, the trade deficit rose to $140.5 billion, which was higher than the projected $137.6 billion.

Figures released by Eurostat yesterday show that producer prices in the eurozone fell by 1.6 percent in March, more than the expected 1.0 percent. A monthly drop of 5.8 percent in energy prices significantly contributed to this decline. On an annual basis, the price increase was 1.9 percent, which was lower than the forecasted 2.7 percent.

The recent power outage in Spain, which affected millions of households, has cost the economy nearly €400 million according to estimates by CaixaBank. The power failure led to a sharp drop of 34% in consumer spending on the day of the outage, partially offset by increased spending in the days following. CaixaBank expects the impact on the quarterly GDP to remain limited to less than a tenth of a percentage point.

The 6M Euribor increased with 1 basis point to 2.15% compared to previous business day. The 10Y Swap increased with 2 basis points to 2.50% 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.