Market Information Thursday 12 January 2023

China’s annual consumer inflation accelerated in December due to rising food prices, while domestic demand weakened due to subdued economic activity. Economists expect inflation to rise further in the first quarter of 2023. The consumer price index (CPI) was 1.8% higher in December than a year earlier, rising faster than the 1.6% annual increase in November, data from the National Bureau of Statistics (NBS) showed on Thursday.

Japanese households’ inflation expectations rose in the three months to December, a central bank survey found. This is a sign that continued increases in food and fuel costs are influencing public opinion about future price developments. The outcome, coupled with the prospect of higher wage growth, adds to growing recent signs that the world’s third-largest economy may be setting the conditions for the Bank of Japan (BOJ) to scale back its massive stimulus program.

US crude oil inventories rose sharply last week, as did refinery capacity utilization. This was revealed on Wednesday by figures from the US energy agency EIA. In the week ending 6 January, crude oil inventories rose by 19.0 million barrels to 439.6 million units.

The 6M Euribor increased with 1 basis point to 2.82% compared to previous business day. The 10Y Swap decreased with 13 basis points to 2.78% 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.