Market information Monday April 18th 2016

The price of oil has decreased sharply this morning. The price of the US oil decreased with 5.0% to USD 38.50 per barrel and the price of Brent crude oil decreased with 4.0% to USD 41.35 per barrel. This happened after the OPEC countries gathered together this weekend in an attempt to find a solution to the overproduction of oil and thus the coherent decrease in oil prices.

Figures of the European statistics agency Eurostat showed that the export in the Eurozone increased with 1.0% in February to EUR 163.5 billion on a yearly basis. The import in the Eurozone increased with 2.0% in February to EUR 144.4 billion. This leaves a trade surplus of EUR 19 billion, a slight decrease compared to the EUR 20 billion in February 2015.

The consumer confidence of the United States decreased in April 2016 according to the University of Michigan. The index, reflecting consumer confidence, decreased from 91.0 in March 2016 to 89.7 in April. Analysts were expecting an increase to 92.0 in April.

The 6M Euribor remained unchanged at -0.14%. The 10Y Swap decreased with 3 basispoints at 0.53%.

In the attachment, today’s market data on money and capital market rates as well as other rates are presented. For more history of these rates or other rates feel free to ask: