Market Information Monday 19 December 2022

European Union (EU) negotiators reached a political agreement on Sunday on climate legislation that would require CO2 emissions in the EU to be 55 percent lower than in 1990 and with which they aim to be climate neutral by 2050. This was reported by the European Commission on Sunday.

The currency markets will gently move towards Christmas next week after the major central banks raised their interest rates last week in line with expectations. Most central banks raised interest rates by 0.5 percentage point.

In the US, activity in both services and manufacturing contracted more sharply in December compared to the previous month. This was revealed on Friday by provisional figures from S&P Global. The purchasing managers’ index for the services sector fell from 46.2 to 44.4, the lowest level in four months. The purchasing managers’ index for manufacturing fell from 47.7 to 46.2, the lowest level in 31 months.

The 6M Euribor decreased with 3 basis points to 2.493% compared to previous business day. The 10Y Swap increased with 9 basis points to 2.811% 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.