Market Information Monday 2 January 2023

Croatia is the twentieth country to join the eurozone. From January 1, the kuna has been replaced by the euro as official currency. “Croatia has worked hard to become the 20th member of the eurozone, and it succeeded,” Christine Lagarde from the European Central Bank (ECB) said in a statement on Sunday. “It shows that the euro is an attractive currency that brings stability to its members.”

The Dutch industry contracted further in December. This showed from figures from S&P Global and NEVI on Monday. The purchasing managers’ index for the manufacturing industry was 46.0 in December, compared to 48.6 in November.

The Chinese economy was in even worse shape in December compared to November. This was evident from figures from the Chinese government last weekend. China’s manufacturing purchasing managers’ index fell from 48.0 in November to 47.0 in December, the lowest level since February 2020, according to official figures.

The 6M Euribor decreased with 2 basis points to 2.73% compared to previous business day. The 10Y Swap increased with 12 basis points to 3.20% 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.