Market Information Friday 3 March 2023

Eurozone inflation decreased in February, but less than expected. This was revealed by Eurostat figures on Thursday. Prices rose 8.5% year-on-year last month versus 8.6% in January and 9.2% in December. Economists had expected a decrease to 8.2%. Core inflation, a key gauge for the ECB, was 5.6% year-on-year in February, up from 5.3% a month earlier. In December, core inflation stood at 5.2%. On a monthly basis, consumer and core prices each rose 0.8%.

The number of new applications for unemployment benefits in the United States decreased slightly in the week ending 25 February. This was revealed by US Department of Labour figures on Thursday. The number of new applications for unemployment benefits fell from 192,000 to 190,000. Economists’ expectation was for 195,000 new applications. The number of extended support applications in the week ending 18 February came to 1.655 million, 5,000 fewer than a week earlier.

Consumer prices in the Netherlands rebounded more strongly in February on a year-on-year basis than in January. This was revealed on Thursday in a quick estimate by Statistics Netherlands. Last month, the price level rose 8.0% year-on-year, following a 7.6% inflation in January. In December last year, the year-on-year price level rose 9.6%.

The 6M Euribor increased with 2 basis points to 3.31% compared to previous business day. The 10Y Swap increased with 4 basis points to 3.33% 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.