Market Information Friday 25 March 2022

Dutch GDP increased by 1.0% in the fourth quarter of 2021, compared to the third quarter. This was reported by Statistics Netherlands (CBS). Previous calculations showed a growth of 0.9%. On an annual basis, growth was 6.5%. The previous calculation showed a growth of 6.2%. The growth figures of other quarters have also been updated: The first quarter of 2021 has been adjusted from -2.4% to -2.2%, the second quarter growth from 10.4% to 10.7% and the third quarter growth from 5.2% to 5.4%.

The oil price has fallen slightly again. Yesterday the market closed with a price of USD 112.34 for a barrel of West Texas Intermediate, 2.0% lower than the day before. According to BNP Paribas, the price of oil will be above USD 100 per barrel on average every quarter until at least the end of 2023, even if the war in Ukraine is resolved quickly. However, market experts also pointed to reports that progress is again being made in talks with Iran on a nuclear deal. If an agreement is reached, Iran could return to exporting oil on a large scale, which would put pressure on oil prices.

Between March 12 and March 19, 187,000 initial jobless claims were filed in the United States. The number of new applications fell by 28,000 compared to a week earlier. Analysts had expected a decline of 5,000. This brings the total number of jobless claims to the lowest level since September 6, 1969.

The 6M Euribor is unchanged at -0.39% compared to previous business day. The 10Y Swap increased with 7 basis points to 1.14% 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.