Market Information Monday 28 March 2022

Coming week, investors can focus on a well-filled macroeconomic calendar. On Tuesday, figures of both German and US consumer confidence are published. The figures of France and the Eurozone follow on Wednesday. Belgian and German inflation are scheduled for Wednesday. France and America present their figures on Thursday, the entire Eurozone on Friday. On Wednesday, US GDP growth is also published and the UK posts its figures on Thursday. Also scheduled for Thursday are weekly jobless claims from the U.S., as well as unemployment figures from Germany and the entire Eurozone.

A new nuclear deal with Iran is more unsure than previously thought. U.S. special envoy to Iran, Robert Malley reported that he was not sure a deal was imminent. Earlier in the negotiations, Kamal Kharrazi, a senior adviser to Ayatollah Ali Khamenei, told media that a deal was at hand. One of Iran’s main demands is that the United States lift the Foreign Terrorist Organization (FTO) designation against Iran’s Islamic Revolutionary Guard Corps (IRGC). This remains a thorny issue.

Last night, Chinese authorities announced that due to a corona outbreak, Shanghai will be temporarily locked down again. Two weeks ago, China was dealing with the highest number of infections since February 2020 and at this moment the number of infections is again flaring up. The eastern part of the city will be closed from March 28 to April 1. During this period, there will be massive testing. From April 1 to April 5, the western part of the city will be closed for testing. In addition, public transportation is shut down and everyone is expected to work at home

The 6M Euribor decreased with 1 basis point to -0.40% compared to previous business day. The 10Y Swap increased with 5 basis points to 1.19% 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.