Cryptocurrencies saw a second day of sharp declines on Wednesday, as crypto investors continued to fret about the stability of the sector and the financial health of major exchange FTX despite plans for a rescue by bigger rival Binance. Crypto giant Binance signed a nonbinding agreement on Tuesday to buy FTX’s non-U.S. unit to help cover a “liquidity crunch” at the rival exchange.
Brazil’s Economy Ministry predicted on Wednesday a GDP growth range in 2023 between 1.4% to 2.9%, arguing that the economy’s structural growth is now higher than seen in the recent past. The Ministry’s Economic Policy Secretariat stated in a report that the persistence of forecast errors for the Brazilian GDP in the last three years may indicate a change in the growth trend, drawing attention to the positive effects in the short term of a higher investment rate.
Euro zone interest rates slipped on Wednesday. Investors await key U.S. inflation data, published today, and the results of the U.S. midterm elections.
The 6M Euribor increased with 2 basis points to 2.32% compared to previous business day. The 10Y Swap decreased with 12 basis points to 2.94% 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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