Market Information Thursday 14 April 2022

Consumer prices in the United Kingdom increased further in March. This was shown on Wednesday by figures from the ONS statistical office. Prices rose by 7.0% on an annual basis. In February this was 6.2% and in January 5.5%. On a monthly basis, prices increased by 1.1%, after an increase of 0.8% in February. The Bank of England still aims for an inflation rate of 2.0%.

Producer prices in the United States increased more in March than in February. This was reported by the U.S. Department of Labor on Wednesday. In March, producer prices increased by 1.4% on a monthly basis. Economists expected an increase of 1.1%. In February, prices rose by a slightly upwardly revised 0.9%. Excluding volatile trade, food and energy prices, US producer prices rose 0.9% month-on-month in March. In February, the increase was 0.2%. On an annual basis, producer prices rose by 11.2% in March and core prices by 7.0%.

Inventories of crude oil in the United States rose sharply last week. This was revealed on Wednesday by figures from the US energy agency EIA. In the week ending April 8, crude oil stocks increased by 9.4 million barrels to 421.8 million. In contrast, gasoline stocks decreased by 3.6 million barrels to 233.1 million barrels. Fuel oil and diesel stocks decreased by 2.9 million barrels to 111.4 million. Refinery capacity utilisation fell to 90.0% from 92.5% a week earlier.

The 6M Euribor is unchanged at -0.33% compared to previous business day. The 10Y Swap decreased with 4 basis points to 0.10% 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.