Market Information Monday 4 January 2021

Oil prices increased on Monday for the fourth day in a row ahead of the meeting of oil cartel OPEC and allies like Russia (OPEC +). Today the OPEC + will detemine whether production restrictions will be extended.

The president of De Nederlandsche Bank, Klaas Knot, cautions the cabinet to refrain from reducing budgets too soon, as the economy must first recover from the corona pandemic. “Only when the economy is back to its old level, should the government do something about the deficit,” he said in an interview in the Dutch newspaper AD. He believes that the government should continue to pursue the support policy until the virus is under control.

The digital currency bitcoin has risen above $ 30,000 for the first time on Saturday. The strong increase of the crypto currency value does not seem to be coming to an end for the time being. After reaching the milestone, the value of the coin continued to increase almost immediately.

The 6M Euribor is unchanged at -0.52% compared to previous business day. The 10Y Swap is unchanged at -0.26% 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.