The US economy contracted in the second quarter of this year, but less than initially estimated, as reported on on Thursday by a second estimate from the US Department of Commerce. Gross domestic product fell by 0.6% in the second quarter calculated on an annual basis. The first estimate was a contraction of 0.9%.
On Thursday, the gas price rose to above EUR 300 per megawatt hour. This means that gas is now more than 17 times as expensive as it was a year ago. Yesterday the price closed at EUR 292, the highest closing level ever.
The Swedish government has instructed its national planning office to check whether price increases in different economic sectors are not unduly high. The Swedes are struggling with 8% inflation, and Minister Damberg of Finance does not want companies to abuse that, he reported to Bloomberg news agency. The Konjunkturinstitutet noted earlier in the year that Swedish companies are more profitable this year than the average since the beginning of the century.
The 6M Euribor increased with 2 basis points to 0.95% compared to previous business day. The 10Y Swap decreased with 8 basis points to 2.19% 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.
2023 © Zanders. All Rights Reserved. KvK 30112147. Cookie Policy | Privacy Policy | Terms of Service | Vulnerability Disclosure
Managed by Sluijmer Multimedia and hosted by True.
