Market Information Thursday 18 August 2022

The European Central Bank (ECB) said on Wednesday it would harmonise how banks offer cryptoassets, to ensure the bankss have enough capital and expertise in a sector some European Union lawmakers have described as the Wild West. Several crypto companies like Binance and have been authorised in EU countries such as Italy, France, Spain, Greece or Germany after complying with national safeguards to combat money laundering and terrorist financing.

China’s economic growth slowed slightly in the January-July period to 3.2% compared to the first six months of the year at 3.35, according to data reported by the finance ministry on Wednesday, as the economy was squeezed by the country’s zero-COVID policy and a property crisis.

Eurozone economic growth was slightly less robust in the second quarter than forecast but still strong, and employment rose again, revised data from the European statistics office showed on Wednesday. Eurostat said gross domestic product in the 19 countries using the euro rose 0.6% quarter-on-quarter in April-June for a 3.9% year-on-year rise. The office had previously estimated the quarterly growth at 0.7% and the year-on-year rise at 4.0%.

The 6M Euribor decreased with 1 basis point to 0.74% compared to previous business day. The 10Y Swap increased with 11 basis points to 1.89% 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.