Market Information Friday 10 March 2023

The number of new applications for unemployment benefits in the United States rose more than expected in the week ending on March 4. This was revealed by US Department of Labour figures on Thursday. The number of new applications for unemployment benefits rose from 190,000 to 211,000. Economists’ expectation was for 195,000 new applications. The four-week moving average was 197,000 application,  4,000 more than a week earlier. The number of extended support applications in the week ending on February 25 stood at 1.718 million applications, 69,000 more than a week earlier.

Inflation in China hit a one-year low in February. This was revealed by figures from China’s statistics bureau on Thursday. On a year-on-year basis, prices rose 1.0% after a 2.1% plus in January and 1.8% in December. The price rise in February came in well below economists’ expectations. Those had expected inflation of 1.7%. On a monthly basis, consumer prices fell 0.5% in February after rising 0.8% in January.

The Japanese economy grew at a significantly slower pace in the fourth quarter of last year. Final figures from the Japanese government showed this on Thursday. On a quarterly basis, growth was 0.1% instead of an initially estimated 0.6%. The third quarter saw a contraction of 0.3%.

The 6M Euribor increased with 3 basis points to 3.45% compared to previous business day. The 10Y Swap decreased with 1 basis point to 3.19% 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.