It promises to be a busy macro week. For today, investors will be eyeing the release of the industry purchasing managers’ indices for December, which will be announced during the trading day in the eurozone and US. For the UK, China, and Japan this will be a day later. For the rest of the week, the focus is mainly on unemployment and inflation figures.
The omikron variant will have little impact on the oil market. A technical report from oil cartel OPEC states that the virus variant will have limited and temporary impact on the oil market. This is due to the fact that the world is better equipped to deal with Covid-19 challenges. The door remains open for a further increase in production. An OPEC+ meeting is scheduled for Tuesday.
Fewer cars were sold in 2021 in The Netherlands, according to figures from the RAI Association, BOVAG and data agency RDC. In 2021, a decrease of 9.2 percent was measured to 322,831 units. The sector is under great pressure due to chip shortages, which have disrupted the supply and caused for the car manufacturers to produce fewer cars. For the new year, the market is expected to recover and reach 390,000 new vehicles.
The 6M Euribor decreased with 1 basis point to -0.55% compared to previous business day. The 10Y Swap is unchanged at 0.30% 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.
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