Market Information Monday 24 January 2022

For this week, the earnings season in the Netherlands continues while in the United States the Federal Reserve convenes for a meeting on interest rate policy. In addition, the macro agenda is quite busy. For Monday, composite purchasing managers indices from European countries as well as Japan and the United States are on the agenda. Business confidence for Germany and Belgium and consumer confidence for the United States are scheduled for Tuesday. Wednesday is mainly dominated by the US central bank. The Federal Reserve convenes to discuss interest rate policy and will look to formulate a policy for the labor market.

Bitcoin has lost almost half of its value since peaking in November of more than $68,000. The crypto coin ends at a value of around $35,150 on Monday. Bitcoin follows the trend of the stock markets that ended the week on a low Friday. Market analysts say there is a growing pessimism among investors and traders when it comes to risky assets. Countries such as Russia and China do not support the bitcoin mechanism and it also takes a long time for companies to accept the cryptocurrency.

House prices in the Netherlands have risen explosively in the past year. In 2021 houses were on average 15.2% more expensive than the year before. According to Statistics Netherlands, this is the largest price increase since 2000. House prices have been rising for years, but now prices are going at an unprecedented rate. Prices have peaked significantly, especially in recent months. Last December house prices rose about 20.4%.

The 6M Euribor is unchanged at -0.52% compared to previous business day. The 10Y Swap decreased with 2 basis points to 0.38% 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.