Market Information Monday 8 March 2021

After a marathon session the US Senate approved the $ 1.9 billion corona support package. This is one of the largest stimulus packages in US history, after the $ 2.2 billion emergency package passed under previous President Donald Trump to cushion the effects of the corona crisis.

For the first time since May 2019, a barrel of Brent oil passed the $70 mark. A barrel of crude oil rose 2.11% and opened at $70.89. The price hike follows a drone attack on Saudi oil installations on Sunday. Optimism about the economy also plays a role. Last month, the $60 per barrel mark was crossed for the first time since the start of the corona pandemic. Several market experts expect the oil price to rise in the coming months, they believe that the demand for oil will pick up more strongly due to the recovery of the world economy from the corona crisis and the vaccinations against the virus outbreak.

Due to the corona lockdown, Dutch consumers spent less than usual in shops in February. According to the Dutch Payments Association, the number of debit card payments last month was more than 30% lower than in the same month last year. Since 2005, the year in which the organization started keeping track of debit card payments, the decrease in payments has not yet been this significant.

The 6M Euribor is unchanged at -0.52% compared to previous business day. The 10Y Swap is unchanged at 0.02% 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.