Market Information Thursday 26 January 2023

A barrel of West Texas Intermediate oil was trading at around $80 on Wednesday, after falling 1.8% on Tuesday. That was the result of mixed corporate results and less activity in view of the US economy. Chinese oil demand is still expected to increase now that all covid measures have been scrapped.

The German business climate continued to improve in January. This was revealed on Wednesday by figures from the Ifo research institute. The Ifo index for German business climate for industry and trade rose from 88.6 to 90.2.  A figure of 90.1 had been expected beforehand. The sub-index for current conditions stood at 94.1 in January and that for expectations at 88.4.

British income inequality rose to a three-year high in the 2021/22 financial year after a dip during the coronavirus pandemic but remains below peaks seen in the run-up to the 2008 financial crisis, official figures showed on Wednesday. Median incomes for the poorest fifth of households dropped by 3.8% after inflation in the 12 months to the end of March 2022 to 14,500 pounds while those for the richest fifth rose by 1.6% to 66,000 pounds, the Office for National Statistics said.

The 6M Euribor is unchanged at 2.92% compared to previous business day. The 10Y Swap is unchanged at 2.77% 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.