Market Information Monday 16 May 2022

This week there will be attention in the market for economic growth figures. On Tuesday GDP growth figures will be published for the Netherlands and the Eurozone and on Wednesday Japan will follow. Furthermore, on Wednesday inflation figures will be published from the United Kingdom. A day later, unemployment figures from the Netherlands will be published and the European Central Bank (ECB) will publish its minutes from the most recent meeting. Finally, on Friday, consumer confidence figures will follow in, among others, the Eurozone and Belgium.

Industrial production in China unexpectedly fell in April. This was revealed Monday morning by new government figures. Economists had predicted an increase in the production volume of 1.0%, but this figure actually fell by 2.9% on an annual basis. On a monthly basis, production fell by 7.1%.

The closing price of a barrel of West Texas Intermediate (WTI) was 4.0% higher at the end of the day Friday than at the beginning of the day. The price of a barrel of WTI now stands at USD 110.49. However, according to analysts, there are two opposing forces at play in the market at the moment. On the one hand, due to the lingering conflict in Ukraine, there are concerns about the supply of oil. On the other hand, there are concerns about demand due to globally high inflation and lockdowns in China.

The 6M Euribor is unchanged at -0.21% compared to previous business day. The 10Y Swap increased with 7 basis points to 1.72% 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.