Market Information Thursday 7 October 2021

The International Monetary Fund (IMF) reports that the inflation is expected to start to peak in the coming months. The IMF predicts that after this peak, inflation will gradually start to decline to levels akin to before the corona crisis. With regard to the inflation in developed countries, the IMF expects the inflation to peak at 3.6%, after which it is predicted to fall back to around 2% in 2022. In developing countries, the inflation is expected to reach around 7% at its peak, after which it is likely to decline to 4% by mid-2022.

The U.S. job growth of 568,000 new jobs in September is mainly caused by the manufacturing and construction sector next to new jobs in the hospitality and leisure sector, according to new figures from the ADP National Employment Report. This growth is substantially higher than the previously expected increase over September of 425,000 jobs. In particular, companies with more than 1,000 employees created the most new jobs (354,000).

New figures from the European Statistical Office (Eurostat) show that retail sales in the Eurozone rose slightly in August. On a monthly basis, an increase of 0.3% was reported by Eurostat. For July, a decline in retail sales of 2.6% in the Eurozone was reported.

The 6M Euribor is unchanged at -0.53% compared to previous business day. The 10Y Swap is unchanged at 0.19% 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.