Market Information Monday 15 November 2021

The US Federal Reserve expects high inflation to be temporary, but also finds the current price pressures burdensome. US inflation ended at a high of 6.2 percent with economic growth of 2 percent. The euro/dollar broke through 1.15 last week. There is a fear that central banks will be too late in adjusting the monetary policy.

The price for a crude barrel of oil closed lower on Friday, caused by the stronger US dollar and the threat of a possible release of crude oil from the Strategic Petroleum Reserve. The oil price fell about 0.6 percent on a weekly basis. This week, several Democratic senators urged the Biden administration for a release from reserves or other measures, such as export bans. US President Joe Biden remains under pressure only because of the rising prices that have been realized last week. On Wednesday U.S. consumer prices rose 6.2 % year-on-year in October, the highest level in nearly 31 years.

The number of job vacancies in the United States fell slightly on a monthly basis in September, according to figures from the US Department of Labor. In September, the number of vacancies was 10.4 million versus 10.6 million in August. In September 2020 6.6 million vacancies were reported. This indicates an increase of 3.8 million on a yearly basis.

The 6M Euribor is unchanged at -0.53% compared to previous business day. The 10Y Swap decreased with 2 basis points to 0.18% 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.