Market Information Friday 1 July 2022

The closing price of a barrel of West Texas Intermediate (WTI) was 4.0% lower at the end of the day on Thursday compared to the beginning of the day. On a monthly basis, prices declined with 10%. This is the first time since November that the price has fallen on a monthly basis. A price of a barrel of WTI now stands at USD 105.76. Analysts see the interest rate hikes by various central banks and the lower economic growth as the main explanations for the price decline.

U.S. core inflation fell slightly more than expected in May. On an annual basis, core inflation was 4.7% in May, down from 4.9% in April. Economists had forecast a decline to 4.8% for May. Core inflation still rose 0.3% on a monthly basis in May.

After an initial contraction, China’s manufacturing industry grew again in June. This was revealed this morning by final figures from Caixin and Markit. The index for Chinese industry rose from 48.1 in May to 51.7 in June. An index reading greater than 50 indicates growth, while less than 50 means decline.

The 6M Euribor increased with 5 basis points to 0.28% compared to previous business day. The 10Y Swap decreased with 18 basis points to 2.17% 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.