Market Information Friday 7 January 2022

Between December 25 and January 1, 207,000 initial jobless claims were filed in the United States, the number of new applications rose by 7,000 from a week earlier. Analysts had predicted a decline of 5,000. The spread of the omicron variant seems to be the explanation for the unexpected increase. The four-week moving average also rose, by 4,750 to 204,500 applications.

Consumer prices in Germany rose faster than expected in December. On a monthly basis, inflation was 0.5%, versus a level of 0.3% expected by economists. Year-on-year inflation came in at 5.3%, slightly higher than inflation in November of 5.2%. The driving factor remains rising energy prices. In December, these rose by 18.3% after an increase in November of 22.1%.

Growth in the British services sector stagnated in December. This was revealed on Thursday by final figures from Markit. The index measuring activity in the services sector came in at 53.6 in December versus 58.5 in November. The purchasing managers index also fell, from 58.1 in November to 57.6 in December. As a result, the composite index fell from 57.6 to 53.6.

The 6M Euribor is unchanged at -0.54% compared to previous business day. The 10Y Swap increased with 2 basis points to 0.35% 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.