The GDP of the United States shrank by 1.4% in the first quarter of this year compared to the first quarter of 2021. This was revealed yesterday by the U.S. Department of Commerce. The cause, according to the ministry, lies in an increase in imports, decreased exports and increased inflation. The annual inflation rate at the end of the first quarter is 7.8% compared to 7.0% at the end of the fourth quarter in 2021.
Between April 16 and April 23, there were 180,000 initial jobless claims in the United States. The number of new claims fell slightly by 5,000 compared to a week earlier. Analysts had also expected a decline of 4,000. This leaves the number of jobless claims hovering around the lowest point in over 50 years.
The closing price of a barrel of West Texas Intermediate (WTI) was 3.3% higher at the end of the day yesterday than at the beginning. A price of a barrel of WTI now stands at USD 105.36. In addition to the lingering conflict in Ukraine, the corona outbreak in China and the halt on Russian gas deliveries to Poland and Bulgaria, are now being pointed to as causes for the increase.
The 6M Euribor is unchanged at -0.25% compared to previous business day. The 10Y Swap increased with 11 basis points to 1.68% 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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