Consumer prices in Germany rose faster than expected in February. This was revealed on Wednesday by preliminary figures from German statistics agency Destatis. On a year-on-year basis, prices rose 8.7% in February, following a rise of also 8.7% in January. In February, prices rose 0.8% compared to January. Economists’ expectations were for an annualised price rise of 8.5% and a monthly increase of 0.6%.
Eurozone manufacturing declined slightly more in February. This was revealed by final figures from S&P Global on Wednesday. The manufacturing purchasing managers’ index fell to 48.5 in February from 48.8 in January. The preliminary index also stood at 48.5. The output purchasing managers’ index did rise, from 48.9 to 50.1, the highest reading in 9 months.
The price of a barrel of crude oil closed higher on Wednesday, although the latest data from the US energy agency EIA showed that US crude oil inventories rose last week. The data showed that US crude oil inventories rose by 1.2 million barrels to 480.2 million in the week ending on February 24. April futures for a barrel of West Texas Intermediate crude oil closed 0.8% (USD 0.64) higher at USD 77.69 on Wednesday.
The 6M Euribor increased with 5 basis points to 3.29% compared to previous business day. The 10Y Swap increased with 6 basis points to 3.29% 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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