Market Information Monday 13 June 2022

The number of bankruptcies in the Netherlands rose in May. This was shown today from figures from the Central Bureau of Statistics. The number of bankrupt companies rose by 71 on a monthly basis in May. April was the lowest level since the start of the time series in January 1981. In May, 210 companies and institutions, including sole proprietorships, were declared bankrupt. Out of all the different industries, trade had the highest number of bankruptcies, at 43. That is 19 more than in April.

Research finding from today indicate that France made up more ground on Britain in attracting overseas direct investment into financial services last year. Britain still retained top spot in the European rankings – attracting 63 projects in 2021 – but the gap with second-placed France became smaller, with its neighbor recording 60, its highest number in the last decade. Foreign direct investment into financial services across Europe overall fell 2.8% last year.

Oil prices fell today as an increase in COVID-19 cases in Beijing quelled hopes for a rapid pick-up in China’s fuel demand, while worries about global inflation and sluggish economic growth further suppressed the market. Brent crude futures fell $1.81, or 1.48%, to $120.20 a barrel while U.S. West Texas Intermediate crude was at $118.81 a barrel, down $1.86, or 1.54%. Both contracts dropped over $2 earlier in the session. Prices declined after Chinese officials warned on Sunday of a “ferocious” COVID-19 spread in Beijing and declared plans to conduct mass testing in Beijing until Wednesday.

The 6M Euribor increased with 3 basis points to 0.06% compared to previous business day. The 10Y Swap increased with 7 basis points to 2.20% 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.