Market Information Monday 30 August 2021

The US Federal Reserve (Fed) will not phase out the asset purchase program that was set up to because of the corona crisis. Later this year the Fed could commence tapering, Fed Chair Jerome Powell said at a virtual meeting of US central banks.

Oil cartel OPEC and some allies, the so-called OPEC+, could decide to waive a previously announced production easing, at a meeting later this week. This has been announced by the oil minister of Kuwait.

China will crack down on internet platforms, websites and social media accounts that publish financial information that Beijing says is harmful to the Chinese economy. The authorities want to put an end to practices by people who would speak ill of China’s financial markets and domestic policies and misinterpret economic data.

The 6M Euribor is unchanged at -0.53% compared to previous business day. The 10Y Swap decreased with 1 basis point to -0.06% 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.