Market Information Friday 31 December 2021

Market Information Friday 31 December 2021

Between December 19 and 25, 198,000 initial jobless claims were filed in the United States. The number of new applications decreased compared to a week earlier with 9,000 applications. The four-week moving average did fall by 7,250 to 199,250 applications, reaching the lowest point since the outbreak of the corona pandemic. The number of extended aid applications in the week ending 18 December reached 1.716 million, a decrease of 140,000 applications.

The growth of the Chinese industry rose more than expected in December compared to November. This was shown on Friday by the new figures from the Chinese government. The purchasing managers index of Chinese industry came in December to 50.3 against 50.1 in November. Economists had expected a decline to 50.0. The index for the service sector rose in December on a monthly basis from 52.3 to 52.7. An index position greater than 50 indicates growth, while less than 50 indicates contraction.

Output prices of the Dutch manufacturing industry rose in November. This was reported on Thursday by the Dutch Statistical Office CBS. The prices rose on average by 20.9% on an annual basis. In November, industrial products were also 20.5% more expensive than one year earlier. The development of sales prices in the manufacturing industry is closely related to the development of crude oil prices. In November, a barrel of North Sea Brent crude oil cost almost €71 on average. This was more than 90% more than a year earlier. In October, a barrel of North Sea Brent crude oil cost around 72 euro, more than double the price of a year earlier.

The 6M Euribor increased with 1 basis point to -0.54% compared to previous business day. The 10Y Swap is unchanged at 0.30% 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.

Market Information Thursday 30 December 2021

Market Information Thursday 30 December 2021

Between December 17 and 24, total oil reserves in the United States fell by 20.3 million barrels to about 1,780 million barrels. This is shown in figures from the U.S. energy agency EIA. In addition to crude oil, the total oil stock includes gasoline, kerosene, diesel and strategic reserves. The stocks of crude oil for commercial use fell by 3.6 million barrels to 420 million barrels and strategic reserves by 1.4 million to 595 million barrels.

Pending home sales in the United States have fallen, and as a result, the U.S. housing market appears to be slowing somewhat. The index for upcoming sales is issued by the American real estate association NAR and is based on signed purchase contracts. In September, the number of signed contracts fell by 2.2% month-on-month and 2.7% year-on-year.

In December 2021, Dutch businesses active in the industrial sector were less positive. Confidence went from 12.7 in November to 10.2 in December, according to the Statistics Netherlands. However, producer confidence in December was still well above the long-term average of 0.7. Last month, confidence did reach its highest point in the past 20 years. April 2020 measured the lowest point at -28.7.

The 6M Euribor decreased with 1 basis point to -0.55% compared to previous business day. The 10Y Swap increased with 5 basis points to 0.30% 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.

Market Information Wednesday 29 December 2021

Market Information Wednesday 29 December 2021

Yields on Italian government bonds have risen in recent weeks. Since the beginning of December, a bond with a ten-year maturity yields more than 4.3% more. According to Bloomberg, the average price of Italian government bonds fell by 2.1% this year. Uncertainty about the political unrest in the country plays a major role.

Gold scaled a one-month high as recent signs of rising inflation underpinned demand, although the metal gave up some early gains due to a firming U.S. dollar. Spot gold hit its highest price since 22 November. Yesterday, U.S. gold futures rose 0.3% to 1,814.50 USD. The lack of a rise in bond yields and building inflationary pressures are supportive factors for the gold market, said David Meger, director of metals trading at High Ridge Futures.

The National Statistics Institute (INE) said that Spanish retail sales rose 4.9% in November from a year earlier on a calendar-adjusted basis. Retail sales had fallen 0.7% in October from the same month a year earlier.

The 6M Euribor is unchanged at -0.54% compared to previous business day. The 10Y Swap increased with 1 basis point to 0.25% 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.

Market Information Tuesday 28 December 2021

Market Information Tuesday 28 December 2021

The Japanese government announced Monday that retail sales in Japan rose in November. There is namely an increase of 1.9% in sales compared to the previous year. In October it was also positive, but not as high with an increase of 0.9%. The industry in Japan also realized an increase in production in November. On a monthly basis, this is an increase in production of 7.2%. For the current month, the Japanese government expects production to increase by 1.6% on a monthly basis, and the outlook for January is also positive with an expected growth of 5.0%.

The U.S. stock markets ended high yesterday, the S&P500 increased by 1.4% to 4,791.19 points, surpassing the previous record high around Christmas. The other US indices such as the Dow Jones index, and the Nasdaq also rose yesterday, although they did not tighten a record position. The price of oil also increased yesterday. With a settlement of USD 75.54, a barrel of West Texas Intermediate became 2.4% more expensive.

The 6M Euribor is unchanged at -0.54% compared to previous business day. The 10Y Swap decreased with 1 basis point to 0.24% 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.

Market Information Monday 27 December 2021

Market Information Monday 27 December 2021

The People’s Bank of China (PBOC) plans to make monetary policy even more future-oriented. More use will be made of monetary policy instruments and the central bank will increase support for the real economy. Earlier this month, the central bank cut interest rates. The prime rate was adjusted by 5 basis points from 3.85% to 3.8%.

Belgium still plans to close its nuclear power plants in 2025 but leaves open the possibility to continue with some reactors longer in case it is not possible to increase the capacity of the gas plants in time. The government plans to conduct research into the development of new, small nuclear power plants together with the Netherlands and France. €100 million has been set aside for this research for a period of four years.

The last week of 2021 may be a quiet one for investors as no market moving events are scheduled and volumes are low towards the end of the year. The AEX gained 2 percent last week. The AEX is expected to achieve an annual profit of approximately 26.5 percent. With this, the Amsterdam stock exchange continues to follow in the footsteps of the S&P 500, which rose 27.7 percent in 2021

The 6M Euribor increased with 1 basis point to -0.54% compared to previous business day. The 10Y Swap is unchanged at 0.25% 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.

Market Information Friday 24 December 2021

Market Information Friday 24 December 2021

Oil prices are rising. Last Wednesday, oil prices rose to their highest level in the past four weeks and on Thursday the increase continued. The price of a barrel of West Texas Intermediate rose 1.4% and a barrel of Brent Crude Oil rose 1.2%.

Dutch GDP increased by 2.1% in the third quarter this year compared to the second quarter, according to Statistics Netherlands (CBS). CBS had previously already published its estimate of growth, which was 1.9% at the time. The new calculation is thus slightly higher due to new insights regarding household consumption. On an annual basis, growth in the third quarter was 5.2%, also exceeding the previously published figure of 5.0%.

Between December 11 and 18, 205,000 initial jobless claims were filed in the United States. The number of new applications remained unchanged compared to a week earlier. The four-week moving average did fall by 2,750 to 206,250 applications, reaching the lowest point since the outbreak of the corona pandemic. The U.S. labor market appears to be stabilizing around a pre-corona level.

The 6M Euribor is unchanged at -0.55% compared to previous business day. The 10Y Swap increased with 5 basis points to 0.25% 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.

Market Information Thursday 23 December 2021

Market Information Thursday 23 December 2021

The British economy grew less than expected in the third quarter of this year. This was shown on Wednesday by the final figures from the British statistical office ONS. The British economy grew by 1.1%, while initially a growth of 1.3% was reported. Compared to the fourth quarter of 2019, before the outbreak of the corona crisis, the British gross domestic product (GDP) fell by 1.5%.

Inventories of crude oil in the United States fell last week. This was reported on Wednesday by figures from the American energy agency EIA. In the week ending 17 December, crude oil stocks fell by more than 4.7 million barrels to 423.6 million. Gasoline stocks increased by 5.5 million barrels to 224.1 million barrels. Fuel oil and diesel stocks increased by 0.4 million barrels to 124.2 million. Refinery capacity utilisation decreased from 89.8% to 89.6%.

The price of existing owner-occupied homes in the Netherlands increased by 20.1% year-on-year in November 2021. This was revealed Wednesday by new figures from the Dutch Land Registry. The percentage has not been so high since February 2000 and is a record since the statistics are registered in 1995. The average sales price was just over EUR 400,000 last month. In 2000 this was less than EUR 160,000. Prices are now higher than ever and approximately 86% higher since the last low in June 2013.

The 6M Euribor is unchanged at -0.55% compared to previous business day. The 10Y Swap increased with 1 basis point to 0.20% 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.

Market Information Wednesday 22 December 2021

Market Information Wednesday 22 December 2021

The Turkish lira has appreciated significantly after President Erdogan’s government announced measures to strengthen the currency on Monday evening. The lira, which hit a low of about 18.4 lira against the US dollar earlier on Monday, rose sharply after the speech. The increase continued on Tuesday. The lira is now worth 40% more than Friday.

According to the Investment Radar of the Statistics Netherlands (CBS), the conditions for investments have become less favourable. CBS saw three out of five indicators for the investment climate deteriorate and points to a fall in consumer confidence, lower growth in exports and a smaller annual increase in the market value of companies.

UK shares rebounded on Tuesday though investor fears lingered over the prospect of renewed restrictions amid a surge in the Omicron variant cases just days before the Christmas holidays. UK Prime Minister Boris Johnson said on Monday he would tighten coronavirus curbs to slow the spread of Omicron if needed, after the Netherlands began a fourth lockdown and as other European nations consider additional restrictions.

The 6M Euribor is unchanged at -0.55% compared to previous business day. The 10Y Swap increased with 6 basis points to 0.19% 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.

Market Information Tuesday 21 December 2021

Market Information Tuesday 21 December 2021

The Dutch economy grew by 4.5% this year. The economy has thus recovered well from the corona recession of 2020. For 2022, the DNB is hoping for a 3.6% increase in GDP, and for 2023 it is taking into account a lower increase of 1.7%. The Dutch Bank does indicate that these figures do not yet take into account the strict lockdown that is now in place. Inflation has increased by 2.7% in this year, and this is expected to be 3.0% in 2022. Unemployment will also rise to 3.5% in 2022, according to the DNB, where it experienced an increase to 3.3% this year.

The Dutch consumer spent 8.5% more in October this year than in October of the previous year. This means that the spending of Dutch consumers has already increased for four months in a row. Last month, spending on services (restaurant, hairdresser, subscriptions) was up as much as 12.2%.

Oil prices fell sharply Monday due to concerns about possible corona measures and lockdowns by countries. A barrel of West Texas Intermediate was down 3%, and stood at a settlement of USD 68.61.

The 6M Euribor is unchanged at -0.55% compared to previous business day. The 10Y Swap increased with 3 basis points to 0.13% 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.

Market Information Monday 20 December 2021

Market Information Monday 20 December 2021

There is not enough support for Biden’s ‘Build Back Better plan’. It seems that one of the election promises will not be fulfilled by US President Joe Biden. The $1750 billion investment plan to combat climate change is not getting enough support. The mounting US government debt in relation to the fight against the pandemic and rising inflation are arguments against the the investment plan.

China’s central bank, the People’s Bank of China (PBOC), has cut interest rates for the first time since April last year. The rate for the least risky group, the prime rate, falls by 5 basis points from 3.85% to 3.8%. The decline means that Chinese companies can borrow at a cheaper rate. Earlier this month, the PBOC came to terms with banks when the amount of cash that banks are required to keep in reserve was reduced.

The currency markets are getting ready for the Christmas season. From a fundamental point of view, the central banks have already played their cards for this year. A limited number of figures will be announced this week, including growth figures from the US and UK. Currency experts indicate that the divergence between the Fed and ECB regarding interest rate hikes is putting pressure on the Euro. Over the past week, the euro fell by half a percent against the dollar.

The 6M Euribor is unchanged at -0.55% compared to previous business day. The 10Y Swap decreased with 2 basis points to 0.10% 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.

Market Information Friday 17 December 2021

Market Information Friday 17 December 2021

It is unlikely that the European Central Bank (ECB) will raise the interest rate in 2022. This was announced by ECB President Christine Lagarde on Thursday in an explanation of the interest rate decision. The main policy rate remains at 0.00% and the penalty rate at 0.25%. The deposit rate was maintained at 0.50% negative. In addition, the ECB announced that it would, in principle, halt its Pandemic Emergency Purchase Programme (PEPP) at the end of March. In order to avoid problems for European bond markets, the Asset Purchase Programme (APP) will be increased from the current EUR 20 billion to EUR 40 billion per month from the second quarter of 2022. In the third quarter, the purchases will go down again to EUR 30 billion and from October 2022 onwards the ECB will start buying EUR 20 billion worth of bonds every month through the APP. Lagarde stressed that the current uncertainty calls for flexibility in monetary policy. She said the measures announced on Thursday were supported by a majority of the ECB’s governing council, but some policymakers disagreed with some of the measures.

The number of new passenger car registrations in the Netherlands fell by 17.5% year-on-year in November. In the European Union, the number of registrations decreased in November by 20.5%. This was reported by the European branch organisation for the car industry ACEA on Friday. In the Netherlands, the number of registrations decreased last month to 27,333 cars. After eleven months, there is a decrease of 8.3% on an annual basis. In France, the number of registrations decreased by 3.2% in November. In Germany, the world’s fifth largest car producer, registrations fell by 31.7% in November.

Retail sales in the United Kingdom rose more than expected in November. This was shown Friday by figures from the British Office of Statistics. Sales volumes rose by 1.4% on a monthly basis, after an increase of 0.8% in October. On an annual basis, there was an increase of 4.7%. Compared to February 2020, sales were 7.2% higher.

The 6M Euribor is unchanged at -0.55% compared to previous business day. The 10Y Swap is unchanged at 0.12% 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.

Market Information Thursday 16 December 2021

Market Information Thursday 16 December 2021

Inventories of crude oil in the United States fell last week. This was reported by the American energy agency EIA on Wednesday. In the week ending 10 December, crude oil stocks fell by more than 4.6 million barrels to 428.3 million. Gasoline stocks decreased by 0.7 million barrels to 218.6 million barrels. Fuel oil and diesel stocks decreased by 2.9 million barrels to 123.8 million. Refinery capacity utilisation remained unchanged at 89.8%.

US retail sales increased in November, according to new figures released by the US government on Wednesday. The sales increased by 0.3% on a monthly basis, where previously an increase of 0.8% was expected by economists. On an annual basis, retail sales increased by 18.2%. In October, retail sales rose 1.8% month-on-month, according to a revised figure. Initially, a 1.7% increase was reported.

Consumer prices in the United Kingdom increased more strongly in November. This was reported by figures by the British statistical office ONS. The prices rose by 5.1% on an annual basis. One month earlier this was 4.2%. On a monthly basis prices increased by 0.7%. In October this was 1%. The Bank of England still aims for an inflation level of 2.0%.

The 6M Euribor is unchanged at -0.55% compared to previous business day. The 10Y Swap increased with 2 basis points to 0.12% 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.

Market Information Wednesday 15 December 2021

Market Information Wednesday 15 December 2021

Gas prices have closed at a new record high, amid tensions with Russia. The gas price ended 12% higher on Tuesday than on Monday, bringing a megawatt hour of gas to a price of 130 EUR. At the beginning of October, the intraday price rose to a high of 162 EUR per MWh, but fell back at the time due to reassuring messages from Putin.

The Ifo-Institut in Munich and the Institut für Wirtschaftsforschung Halle (IWH) state that the German economy will grow less rapidly next year than previously forecast. The prominent German economic institutions, respectively, say the German economy will grow by 3.7% and 3.5% versus previous forecasts of 5.1%. Compared to the previous quarter, the German economy will contract by 0.5% in the last quarter of 2021.

New data on the US economy suggest that inflation will be at high levels for a longer period of time and possibly even increase, due to persisting disruptions in supply chains. The US Ministry of Labor said that the consumer price index rose 9.6% year-to-year, which is the largest increase since November 2010. Last Friday, the US consumer price index saw its largest daily increase in 40 years.

The 6M Euribor decreased with 1 basis point to -0.55% compared to previous business day. The 10Y Swap increased with 2 basis points to 0.10% 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.

Market Information Tuesday 14 December 2021

Market Information Tuesday 14 December 2021

Yesterday, CBS announced that the production of Dutch industry increased by 9.9% year-on-year in October. This was slower than in the previous month, as it increased by 11.6% in September. More than 80% of all business classes produced more in October than in the same month a year ago.

On a monthly basis, Japanese industry produced more in October than indicated in earlier figures from Japan’s Ministry of Trade and Industry. On a monthly basis, the increase in output was 1.8%, rather than the 1.1% increase previously stated. This is a significant increase compared to the previous month, as in that month production still decreased by 5.4% on a monthly basis.

In addition, an economic survey by the Bank of Japan revealed that the sentiment of the Japanese manufacturing industry has remained stable. Indeed, the sentiment index came in at 18 in December, the same as in previous month. The index indicates the percentage of companies optimistic about developments in the manufacturing industry, minus the percentage of companies that are not optimistic about this.

The 6M Euribor increased with 1 basis point to -0.54% compared to previous business day. The 10Y Swap decreased with 3 basis points to 0.08% 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.

Market Information Monday 13 December 2021

Market Information Monday 13 December 2021

The coming stock market week is dictated by the central banks. The Federal Reserve, the European Central Bank and the Bank of England have meetings planned in which an interest rate decision is scheduled. The US central bank is expected to announce an increase in the rate of tapering. The Fed is expected to finish the asset-buying program in March 2022, and then the possibility exists for several rate hikes.

A virtual meeting between the finance ministers of the G7 is planned for Monday 13 December. During this meeting, the sharp rise in inflation will be discussed. The sharply rising inflation is undermining the purchasing power of consumers, among other things. The ministers will also discuss health care. Due to high inflation, central banks are experiencing increasing pressure to reduce support programs even faster and raise interest rates.

The 6M Euribor decreased with 1 basis point to -0.55% compared to previous business day. The 10Y Swap decreased with 1 basis point to 0.11% 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.

Market Information Friday 10 December 2021

Market Information Friday 10 December 2021

Between November 27 and December 4, 184,000 initial jobless claims were filed in the United States, reaching the lowest point in over 52 years. The number of jobless claims fell by 42,000 from a week earlier, significantly exceeding economists’ forecasts. A decrease of 15,000 to a total of 211,000 claims was expected.

Chinese consumer prices increased by 2.3% on an annual basis in November. This was reported by figures published by the National Bureau of Statistics (NBS). In October, the annual inflation rate was still 1.5%. Rising food prices in particular pushed inflation upwards. The monthly inflation rate in November was 0.4%, a slight decrease from the October inflation rate of 0.7%.

German exports increased by 4.0% in October to a total volume of EUR 121.3 billion. Economists had predicted an increase of 1.1%, so the actual increase is considerably higher. On an annual basis, exports increased by 8.1%. German imports also increased in October, by 5.0% compared to September. In total, German imports amounted to EUR 108.5 billion. Germany’s net exports thus amounted to approximately EUR 12.8 billion.

The 6M Euribor is unchanged at -0.54% compared to previous business day. The 10Y Swap decreased with 3 basis points to 0.12% 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.

Market Information Thursday 9 December 2021

Market Information Thursday 9 December 2021

The Japanese economy contracted more in the third quarter than previously reported by the Japanese government. Gross domestic product (GDP) declined by 0.9% on a quarterly basis in the third quarter. On an annual basis, there is now a contraction of 3.6%. Earlier, a contraction of 0.8% was reported on a quarterly basis and a contraction of 3% on an annual basis. Japan’s economy was still growing in the second quarter.

The stocks of crude oil in the United States decreased last week. This was reported by the American energy agency EIA on Wednesday. In the week ending 3 December, crude oil stocks fell by over 240,000 barrels to 432.9 million. Gasoline stocks increased by 3.9 million barrels to 219.3 million barrels. Fuel oil and diesel stocks also increased, by 2.7 million barrels to 126.6 million. Refinery capacity utilisation rose from 88.8% to 89.8%.

The number of job openings in the United States continued to rise in October. This was reported by the US Department of Labor, based on new figures. In October, the number of vacancies was 11.0 million. In September this was still 10.6 million. A year earlier, in October 2020, there were only 6.8 million vacancies.

The 6M Euribor is unchanged at -0.54% compared to previous business day. The 10Y Swap increased with 4 basis points to 0.15% 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.

Market Information Wednesday 8 December 2021

Market Information Wednesday 8 December 2021

U.S. bank executives raised concerns about the impact of a sustained period of higher inflation, adding to pressure on the Federal Reserve to accelerate plans to slow down the pace of its asset purchases. At the Goldman Sachs Financial Services Conference, David Solomon (CEO Goldman Sachs) and Charlie Scharf (CEO Wells Fargo) questioned the policy that the Federal Reserve is currently following, as the Fed may need to move more quickly to address inflation concerns.

A group of 53 investors, managing 12.4 trillion USD in assets, called for governments and companies to accelerate the shift to promoting healthier food and drink to help fix what they described as a “global nutrition crisis”. The investors urged policymakers to use fiscal and regulatory measures to help support healthy packaged food and do more to meet the nutrition targets laid out by the World Health Organisation.

Yesterday, oil prices rose again, extending the previous day’s 5% rebound as concerns over the impact of the Omicron coronavirus variant on global fuel demand eased and Iran nuclear talks stalled, delaying the return of Iranian crude. Oil prices declined last week by concerns that vaccines might be less effective against the Omicron variant.

The 6M Euribor is unchanged at -0.54% compared to previous business day. The 10Y Swap increased with 1 basis point to 0.11% compared to previous business day.

Market Information Tuesday 7 December 2021

Market Information Tuesday 7 December 2021

Consumer prices in the Netherlands in November increased at a the fastest pace in nearly 40 years. Prices increased 5.2% year-on-year, after rising 3.4% year-on-year in October. The previous time this level of growth had been reached was in September 1982. The contribution of gas and electricity to this increase was over 2% in November, given that gas prices were 53.0% more expensive than a year earlier. Electricity also increased sharply, where the year-on-year price increase was 74.9 percent in November. The year-on-year price increase for electricity was still 39.6% in October. Motor fuels also increased in price in the month of November. Compared to the previous year, motor fuel prices were up 31.4% this November. The price of LPG and diesel also increased.

China’s exports rose 22.0% year-on-year, which was a lot higher than economists had expected. Imports rose 31.7%, where 19.8% had first been anticipated. This brought the trade surplus in May to USD 71.72 billion, instead of the USD 82.2 billion predicted by economists.

The 6M Euribor is unchanged at -0.54% compared to previous business day. The 10Y Swap is unchanged at 0.10% 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.

Market Information Monday 6 December 2021

Market Information Monday 6 December 2021

Friday’s transparency exercise by the European Banking Authority showed that the largest European banks have seen their liquidity, profitability and solvency rise. Of the 120 participating banks, the CET 1 ratio stood at 15.8 percent at the end of the second quarter. This is an increase of 0.8 percentage points compared to mid-2020. What was striking was that the return on equity of the participating banks had risen from 0.4 to 7.4 percent. The EBA advised the banks to exercise restraint when it comes to paying dividends.

On Friday, the oil price fell slightly with 0.4 percent at a settlement of $ 66.26 (WTI). The price of a barrel fell nearly 3 percent on a weekly basis, after losing more than 10 percent the week before. Many investors are concerned about the impact of the omicron variant on oil demand. OPEC+ decided to increase production by 400,000 barrels per day in January, despite new concerns about the new corona variant.

Analysts indicate that the jobs figures determine the further course of the trading day and there is a very good chance that the central bank will adjust its policy accordingly. It is expected that 550,000 new jobs will be created in the US in November. A month earlier, 531,000 jobs were added. Unemployment fell from 4.6 to 4.5 percent and hourly wages rose by 5 percent.

The 6M Euribor is unchanged at -0.54% compared to previous business day. The 10Y Swap decreased with 2 basis points to 0.10% 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.

 

Market Information Friday 3 December 2021

Market Information Friday 3 December 2021

Against expectations, OPEC+ decided to increase its daily oil production by 400,000 barrels in January. Due in part to the new corona mutation, the Omicron strain, a decrease in production was anticipated. Analysts expect that the increase in production, will result in oversupply and that this would cause the oil price to fall. OPEC+ thus seems to be meeting the demands of major oil users such as China and the United States.

Between November 20 and 27, 222,000 initial jobless claims were filed in the United States. The number of new applications rose by 28,000 from a week earlier. However, the increase was not as strong as economists had predicted, as they were expecting an increase to 240,000. The four-week moving average fell to 238,750.

In October this year, producer prices in the Eurozone rose hard again. Eurostat figures show that prices rose on average by 21.9%. On a monthly basis, prices also increased sharply, by 5.4% compared to September. In September, the increase on a monthly basis was still 2.8%. Core inflation, excluding volatile energy prices, was significantly lower on a monthly basis in October at 0.8%

The 6M Euribor is unchanged at -0.54% compared to previous business day. The 10Y Swap is unchanged at 0.12% 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.

Market Information Thursday 2 December

Market Information Thursday 2 December

Employment in the private sector in the United States rose more than expected in November. This was shown Wednesday by figures from payroll processor company ADP. The number of jobs increased in November by 534,000. In advance, an increase of 506,000 jobs was expected. In October, the number of jobs increased by 570,000. In September, 526,000 jobs were added.

The growth of British industry has increased in November, but slightly less than previously expected, according to figures from Markit. The index for British industry rose in November from 57.8 to 58.1. An index position greater than 50 indicates growth, while less than 50 indicates contraction.

The stocks of crude oil of the United States decreased last week. This was reported by the American energy agency EIA on Wednesday. Last week, crude oil stocks decreased by 0.9 million barrels to 433.1 million. Gasoline stocks increased by 4.0 million barrels to 215.4 million barrels. Fuel oil and diesel stocks also increased, by 2.2 million barrels to 123.9 million. Refinery capacity utilisation rose from 88.6% to 88.8%.

The 6M Euribor is unchanged at -0.54% compared to previous business day. The 10Y Swap decreased with 2 basis points to 0.12% 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.

Market Information Wednesday 1 December 2021

Market Information Wednesday 1 December 2021

Data from Eurostat showed that Eurozone inflation soared to its highest rate on record this month on surging energy costs. The Eurozone consumer price inflation is expected to accelerate to 4.9% year-on-year in November, from 4.1% in the previous month. This would be the highest rate of inflation since July 1991.

Federal Reserve Chair Jerome Powell said the U.S. central bank likely will discuss speeding up tapering large-scale bond purchases at its next policy meeting, amid a strong economy and expectations that a surge in inflation will persist into the middle of next year. The Fed decided to cut its USD 120bn/month bond-buying stimulus programme by USD 15bn this month, and again in December. At that pace, the tapering would end in June.

India grew at the fastest pace of any major economy in the July-September quarter but economists said disruptions from the emerging Omicron coronavirus variant risked slowing the recovery, especially given India’s low vaccination rates. India’s economy grew 8.4% year-on-year in September, while manufacturing went up 5.5% in the previous quarter. Economists fear that the new COVID-19 variant and inflation pose new risks.

The 6M Euribor is unchanged at -0.54% compared to previous business day. The 10Y Swap decreased with 2 basis points to 0.14% 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.