Oil prices were broadly steady on Thursday. The prospect of higher fuel demand in China as it reopens post-COVID was offset by fears that U.S. crude stocks increased to the highest level since months signaling weaker demand in the world’s no. 1 economy. Brent crude futures gained 1 cent to $85.10 a barrel, while U.S. West Texas Intermediate (WTI) crude futures fell 3 cents to $78.44 a barrel. Both benchmarks have gained more than 6% so far this week.
Egypt’s annual consumer price inflation jumped to a higher-than-expected 25.8% in January, the highest increase in more than five years, versus 21.3% in December, data from statistics agency CAPMAS showed on Thursday. The rise followed a series of currency devaluations since March 2022, a prolonged shortage of foreign currency, and continuing delays in import.
Britain’s housing market suffered the most widespread price falls since 2009 last month as interest rate increases over the past year weighed on potential buyers, according to a survey published on Thursday. The Royal Institution of Chartered Surveyors (RICS) house price balance, which measures the gap between the percentage of surveyors seeing rises and falls in house prices, fell to -47, the lowest since April 2009, from -42 in December.
The 6M Euribor increased with 2 basis points to 3.03% compared to previous business day. The 10Y Swap decreased with 1 basis point to 2.89% 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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