Market Information Monday 20 June 2022

It will be a relatively quiet week on the macroeconomic front. On Monday, the market will pay particular attention to German producer prices, which provide an indication of future inflation figures. Halfway through the week a series of Dutch macro data and consumer confidence in both the eurozone and the United Kingdom will be published. On Thursday, the main focus will be on the preliminary purchasing managers indices. The Turkish central bank will also decide upon interest rates on Thursday. On Friday we will close the week with confidence figures from several countries.

The Chinese central bank has kept interest rates stable today, while many other countries are adjusting their monetary policy to compose the inflation. The People’s Bank of China remained the interest rate for one-year interbank loans, the Loan Prime Rate, on a level of 3.70 percent. The decision was expected by analysts and traders, after the central bank also left the rate on the one-year credit facility unchanged at 2.85 percent last week.|

Australia’s biggest building materials manufacturers are slowing down their operations, hiking prices and considering moving production offshore to manage a spike in power and gas bills, adding to pressure on the government to resolve the country’s energy crisis. The price jump has been intensified by record high global coal and gas prices, caused by sanctions on Russia. Australia’s new resources minister, Madeleine King, has indicated that all options are being considered for dealing with gas supply challenges.

The 6M Euribor increased with 1 basis point to 0.25% compared to previous business day. The 10Y Swap decreased with 8 basis points to 2.43% 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.