Market Information Friday 28 January 2022

The price of a barrel of West Texas Intermediate (WTI) oil fell 0.7% yesterday. This breaks with the trend of recent days where the price of a barrel of WTI rose every day and even found itself at its highest level in 7 years. However, analysts do not expect the price to fall much further. A major driver of the oil price at the moment are the tensions around the Russian-Ukrainian border and this conflict does not seem to be subsiding for a while.

Between January 15 and January 22, 260,000 initial jobless claims were filed in the United States. As a result, the number of claims fell by 30,000 from a week earlier. Analysts had previously predicted a decline of 25,000. Last month, applications rose weekly due to the rapid spread of the omicron-variant, but the number of new infections in the U.S. is now steadily declining. The four-week moving average still rose, by 15,000 to 237,000 applications. The highest number in the past two months.

Pending home sales in the United States have fallen, and as a result, the U.S. housing market appears to be slowing somewhat. The index for upcoming sales is issued by the American Real Estate Association NAR and is based on signed purchase contracts. In December, the number of signed contracts fell by 2.8% month-on-month and 6.9% year-on-year.

The 6M Euribor is unchanged at -0.52% compared to previous business day. The 10Y Swap is unchanged at 0.39% 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.