Market Information Thursday 20 January 2022

The rise in consumer prices in Germany in December has been confirmed by new final figures from the German statistics office Destatis. Last month, the annual inflation rate came out, as expected, at 5.3% compared to 5.2% in November. On a monthly basis, consumer prices increased by 0.5%, also in line with expectations. In 2021, prices rose by 3.1%. According to Destatis, this is the highest inflation rate in almost 30 years. The harmonised consumer price index increased 5.7% year-on-year and 0.3% month-on-month in December.

The number of homes under construction in the United States rose in December compared with a month earlier, while the number of building permits issued even increased significantly on a monthly basis. This was revealed on Wednesday by figures from the US government. The number of homes under construction increased last month by 1.4% on a monthly basis to 1.7 million units. On an annual basis, the number of homes under construction increased by 2.5%. The number of building permits issued in December increased 9.1% month-on-month to 1.9 million units. On an annual basis, the increase was 6.5%. Economists had forecast a decline for both figures.

The Dutch consumer has also lost confidence in January. This was reported by the Dutch statistics office CBS on Thursday. The confidence index decreased to 28 negative, against 25 negative in December. Both the opinion about the economic climate and the willingness to buy decreased. Consumers were more negative about both the economy and their financial situation in the coming year and the past year. Consumers thought the time was as unfavourable to make big purchases in January as it was in December.

The 6M Euribor is unchanged at -0.52% compared to previous business day. The 10Y Swap decreased with 1 basis point to 0.41% 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.