Market Information Thursday 28 April 2022

announced that consumer confidence in Germany fell more than expected in May. The confidence index came in at 26.5 negative, compared to 15.7 negative in April.

The euro has fallen to 1.05 amid the war in Ukraine, outbreaks of COVID-19 in China and the impact of high inflation and tighter monetary policy on the global economy. The price reflects the current concern in the market. Analysts expect two rate hikes by the European Central Bank before the end of 2022. The interest rate differential between Germany and the US is also expected to remain large in 2022. The interest rate differential is expected to narrow in 2023. This is likely to give the euro a boost in 2023.

Producer confidence in Dutch industry improved in April. This has been announced by Statistics Netherlands. The confidence index rose from 8.7 in March to 10.8 in April, with entrepreneurs being more positive about expected activity. Although confidence rose in all sectors, producers in the electrical and machine industries were particularly positive.

The 6M Euribor decreased with 1 basis point to -0.25% compared to previous business day. The 10Y Swap is unchanged at 1.57% 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.