Market Information Thursday 2 September 2021

OPEC+ decided on Wednesday to stick to its plans to gradually increase oil production. This was decided by the oil cartel in a meeting on Wednesday. OPEC+ did not respond to the persistent pressure from the United States to increase production in an accelerated manner. In July, the oil cartel agreed to gradually add millions of barrels per day to the market.

Unemployment in the eurozone decreased slightly in July. This was reported by Eurostat on Wednesday morning. In July, the unemployment rate decreased to 7.6%, from 7.8% in June.

The amount of loans that first-time buyers have outstanding is worrying, according to the Netherlands Authority for Financial Markets (AFM). 20% to 40% of first-time buyers have a mortgage that is higher than the legal norm, with excesses of EUR 50,000 to EUR 70,000. The consequences for this group can be substantial, because they are financially more vulnerable. The AFM reported this in a press release issued on Thursday.

The 6M Euribor is unchanged at -0.53% compared to previous business day. The 10Y Swap increased with 4 basis points to -0.03% 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.