Oil edged up on Thursday after Brent crude posted its biggest single-day loss in seven weeks on Wednesday, as market players reassess positions after the U.S. Federal Reserve initiated worries about the economy by suggesting further rate hikes ahead. Brent crude futures rose 37 cents, or 0.5%, to $80.97 per barrel. West Texas Intermediate crude futures (WTI) advanced 32 cents, or 0.4%, to $74.27 a barrel.
The post-pandemic rebound in world growth and inflation last year meant the amount of global debt saw its first annual fall in dollar terms since 2015, a widely tracked study has shown. The Institute of International Finance report published on Wednesday estimated that the nominal value of global debt declined by some $4 trillion, bringing it fractionally back under the $300 trillion threshold breached in 2021.
European Union countries on Tuesday approved plans to auction carbon permits early to raise cash to help them quit Russian gas, meaning the law can now enter into force. The plan will raise 20 billion euros ($21.3 billion) in grants from the EU carbon market, partly by holding carbon permit sales earlier than planned.
The 6M Euribor increased with 4 basis points to 3.23% compared to previous business day. The 10Y Swap increased with 1 basis point to 3.10% 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.
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