The European Commission plans to propose an emissions trading system for the buildings and road transport sectors. European Commission President Ursula von der Leyen confirmed the new trading system last Tuesday, during a press conference after a summit of EU leaders in Brussels. In line with heavy industry and energy companies, the sectors will soon have to pay for the harmful greenhouse gases they emit. Hopefully a price incentive will lead to the necessary sustainability effort. The new system will apply directly to citizens, which is why Brussels prefers to link it to a compensation mechanism.
Stocks of crude oil in the United States decreased last week, according to figures from the energy agency EIA on Wednesday. Crude oil inventories decreased by 1.7 million barrels to 484.3 million barrels. The capacity utilization of the refineries increased from 86.3% to 87.0% compared to last week.
Consumer confidence in Germany increased slightly for June, based on recent measurements by research agency GfK. The consumer confidence index was reported at 7.0 points negative, compared to 8.6 negative for May.
The 6M Euribor is unchanged at -0.51% compared to previous business day. The 10Y Swap decreased with 4 basis points to 0.10% 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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