Market Information Monday 10 January 2022

It will be a busy week for investors, with the start of the US earnings season at the end of the week. The focus is mainly on inflation developments in the United States and China. Unemployment figures will be presented in the eurozone on Monday. Dutch inflation figures are scheduled for Tuesday. Inflation data from China and the US will follow on Wednesday. China’s trade balance is on the agenda for Thursday. Friday will be especially busy with quarterly figures from several large banks in the US.

High energy prices could force the European Central Bank to take action to suppress inflation. This was announced by the ECB at the American Finance Association 2022 Annual Meeting. According to the ECB, central banks should look at the risks associated with price stability and whether rising energy prices have a significant impact on headline inflation.

Analysts consulted by Bloomberg news agency predict that the rising trend of oil prices is likely to continue this year. The rising demand for fossil fuels has an upward effect on the oil price. The price for a barrel of Brent is around $83, this could rise to at least $100 in the coming months. Oil prices are an important driver of energy prices, which in turn play an important role in the high inflation of recent months.

The 6M Euribor increased with 1 basis point to -0.53% compared to previous business day. The 10Y Swap increased with 2 basis points to 0.37% 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.