Oil prices decreased to the lowest level in more than three years on Friday due to the failure of a production deal between the oil cartel OPEC and Russia. In addition, the oil market is under pressure due to the concerns about the negative impact of the corona virus on the economy. The price of WTI oil fell more than 33% percent to $ 27 per barrel and Brent oil fell with 30 percent to $ 32 per barrel.
The production of German industry increased by 3 percent in January compared to a month earlier, according to the German Federal Statistical Office. Economists counted on average on 1.7 percent growth in industrial production in Europe’s largest economy.
According to the US Department of Labor, 273,000 new jobs were recorded in the USA in February (excluding agriculture). Employment growth was stronger than the 175,000 new jobs expected in advance. The unemployment rate was 3.5 percent in February, which was slightly lower than a month earlier. The average hourly wage increased by 0.3 percent on a monthly basis.
The 6M Euribor decreased with 1 basis point to -0.43% compared to previous business day. The 10Y Swap decreased with 3 basis points to -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.
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