Market Information Monday 13 December 2021

The coming stock market week is dictated by the central banks. The Federal Reserve, the European Central Bank and the Bank of England have meetings planned in which an interest rate decision is scheduled. The US central bank is expected to announce an increase in the rate of tapering. The Fed is expected to finish the asset-buying program in March 2022, and then the possibility exists for several rate hikes.

A virtual meeting between the finance ministers of the G7 is planned for Monday 13 December. During this meeting, the sharp rise in inflation will be discussed. The sharply rising inflation is undermining the purchasing power of consumers, among other things. The ministers will also discuss health care. Due to high inflation, central banks are experiencing increasing pressure to reduce support programs even faster and raise interest rates.

The 6M Euribor decreased with 1 basis point to -0.55% compared to previous business day. The 10Y Swap decreased with 1 basis point to 0.11% 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.