Market Information Friday 29 January 2021

Consumer prices in Germany increased by 1.0 percent in January 2021 compared to January 2020, according to preliminary figures published by the German statistics agency Destatis on Thursday. Compared to December 2020, prices increased by 0.8 percent in January 2021. Economists had anticipated an annual increase of 0.7 percent and a monthly increase of 0.4 percent.

The Leading Economic Indicators (LEI) index for the US economy increased by 0.3 percent in December 2020 to 109.5. In November 2020, the index also increased by 0.7 percent. The LEI index is a business cycle indicator that shows the development of the economy in the coming six months.

The European Central Bank (ECB) is urging lenders to better estimate the risks they incur due to a possible spike in bankruptcies. The ECB is of the opinion that banks have not sufficiently increased their contingency fund over the past year and expects banks to increase their buffers. This was stated by Andrea Enria, chief banking supervision of the ECB on Thursday in an explanation of the annual review of bank capital buffers.

The 6M Euribor is unchanged at -0.53% compared to previous business day. The 10Y Swap increased with 1 basis point to -0.20% 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.