Market Information Monday 11 July 2022

The week starts fairly quietly today, with only Belgian industrial production figures on the macro calendar. US business confidence is scheduled for Tuesday. Important inflation figures are scheduled for Wednesday for the United States and the two main economies of the eurozone, France and Germany. Production for the entire eurozone and the United Kingdom is on the calendar for Wednesday. Japan will follow on Thursday, China and the United States will follow on Friday. The Chinese growth figures will also be presented on Friday.

The French government is preparing for a complete shutdown of Russian gas supply. This was made clear by Reuters news agency on Sunday based on statements by Finance Minister Bruno Le Maire at an economic conference. France imports about 17 percent of its supply from Russia. This is less than some neighboring countries. Several French nuclear power plants would have difficulty to increase production as many reactors are currently unavailable due to maintenance.

Consumer prices in China rose faster in June than in May, according to figures from the Chinese Bureau of Statistics. On an annual basis, prices have increased by 2.5 percent, after inflation of 2.1 percent in May. Economists expected a 2.4 percent increase in consumer prices. Inflation in China remained stable on a monthly basis in June.

The 6M Euribor increased with 1 basis point to 0.24% compared to previous business day. The 10Y Swap increased with 4 basis points to 2.16% 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.