Market Information Monday 29 November 2021

The Amsterdam stock exchanges have been under heavy pressure. The AEX fell 2.2 percent to 789.62 points on Friday. The losses may have been caused by concerns about a new highly contagious variant of the coronavirus in South Africa. This variant has already appeared in several countries. In the Netherlands, flight restrictions have already been imposed to and from southern Africa.

The crypto market also experienced significant pressure on Friday due to concerns about a new corona variant. Bitcoin fell 7.5 percent to $54,250 with its market cap narrowly above $1 trillion. Ethereum lost 9 percent, but the coin managed to stay just above the $4,000 mark.

The oil price fell sharply on Friday. A barrel of West Texas Intermediate fell about 12 percent, falling below a price of $69. The loss was 13 percent on a weekly basis. While the financial and commodity markets are under pressure from the new corona variant, the United States and a number of other oil-consuming countries are deploying their strategic oil reserves. A monthly OPEC+ meeting is scheduled for the end of next week to discuss the current oil market situation and production agreements.

The 6M Euribor is unchanged at -0.54% compared to previous business day. The 10Y Swap decreased with 7 basis points to 0.14% 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.