The UK’s trade deficit widened sharply in the first quarter of 2022. This was reported by the UK statistics agency ONS yesterday. The deficit increased from GBP 14.9 billion to GBP 25.2 billion. With this, the trade deficit reached its highest level ever. Economists had taken into account a significantly lower increase in the trade deficit, to GBP 18.5 billion.
Earlier this year, OPEC projected that daily demand for oil would grow by 3.67 million barrels. This growth has been revised downwards to an increase in daily demand of 3.31 million barrels. OPEC still expects oil demand to rise to 100 million barrels per day in the third quarter this year.
The number of bankruptcies in the Netherlands fell in April this year to the lowest number since measurements began in 1981. This was reported by Statistics Netherlands (CBS) this morning. In March a slight increase was still observed, in April a decrease of 71 was reported. Since mid-2020, partly due to corona aid, a downward trend has been visible in the number of bankruptcies.
The 6M Euribor decreased with 1 basis point to -0.21% compared to previous business day. The 10Y Swap decreased with 15 basis points to 1.65% 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.
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