For this week corporate results will once again be dominant, while the macroeconomic agenda is also quite busy. For Tuesday, investors are mainly paying attention to a series of Japanese data, growth in the eurozone and the German ZEW index. Inflation figures in the UK and China are on the agenda mid-week. Production figures from the industry are reported in America and minutes from the Federal Reserve are scheduled. On Thursday weekly support requests in the US and for Friday consumer confidence in the eurozone are scheduled.
The threat of a Russian invasion of Ukraine has impact on the capital markets. Oil prices are reacting sharply to the Russian threat. Some oil analysts point out that the threat of an invasion alone has already achieved Putin’s target of induced impact on oil and gas prices. About sixty percent of the Russian state budget comes from oil and gas imports. An actual invasion could push the oil price towards $100 or even higher, according to analysts.
The 6M Euribor decreased with 1 basis point to -0.47% compared to previous business day. The 10Y Swap increased with 4 basis points to 0.86% 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.
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