Market information Friday January 29th 2016

Yesterday, the price of Brent oil increased by 2.2% to USD 33.83 a barrel. During the day, the price reached USD 35.84. Prices were up after Alexander Novak, Russian Energy Minister, said that Saudi Arabia proposed that oil-producing countries should cut production by 5%.

According to figures published by the Dutch Economic Institute for Construction (EIB), the value of new homes constructed increased by 24% to EUR 9.3 billion in 2015. The EIB expects construction to grow by 14% in 2016. According to EIB director Taco van Hoek, the increase in construction is mainly caused by historically low interest rates.

Last month, new orders for durable goods fell by 5.1%, according to the US Commerce Department, the biggest drop since August 2014. Orders for transportation equipment and non-defense aircraft fell by 12.4% and 29.4%, respectively. These data suggest that the US economic growth fell sharply in the fourth quarter of 2015.

The 6M Euribor remained unchanged at -0.08%. The 10Y Swap decreased by 4 basis points to 0.71%.

In the attachment, today’s market data on money and capital market rates as well as other rates are presented. For more history of these rates or other rates feel free to ask: