Market Information Monday 19 September 2022

On Wednesday, the US Federal Reserve will convene to decide upon interest rate policy. It already seems clear that interest rates will be raised, an increase of 75 basis points seems to be the minimum, the capital market is considering an increase of 100 basis points.

Volkswagen wants to value Porsche at 70 to 75 billion euros. This will make it one of the largest IPOs ever in Europe. Volkswagen says that there is a lot of interest in the IPO, including government funds from Qatar, Abu Dhabi and Norway.

Germany’s federal minister of finance, Christian Lindner, said inflation ”cannot be fought with borrowed money like we did with the corona pandemic”. German inflation reached 8.8% last month, a record high since the introduction of the euro.

The 6M Euribor increased with 6 basis points to 1.61% compared to previous business day. The 10Y Swap decreased with 3 basis points to 2.53% 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.