The Federal Open Market Committee (FOMC) released minutes of the January 26-27 policy meeting. The minutes show the discussion of the Federal Reserve regarding the recent tightening of global financial conditions. The policymakers mentioned “altering their earlier views of the appropriate path for the target range for the federal funds rate”.
According to Statistics Netherlands industry revenue decreased by 1.4% in the Netherlands during the last quarter of 2015 with respect to the last quarter of 2014. This decrease is caused by a lack of domestic demand, as well as lower revenues in transport and petroleum industries.
Oil prices rose on Wednesday after Iran voiced support for the agreement between Russia, Saudi Arabia, Qatar and Venezuela. Brent and WTI crude oil rose with 7.24% to 34.68 USD and 5.54% to 31.22 USD, respectively, on Wednesday.
Yesterday, the western-European national indexes all gained at least 1.7% as a result of the rising oil prices. The AEX index rose by 2.85% to 414.75 points. The French CAC 40 index increased with 2.99% to 4,233.47 points. UK’s FTSE 100 index reached 6,030.32 points due to a 2.87% increase.
The 6M Euribor remained unchanged at -0.12%. The 10Y Swap remained unchanged at 0.62%.
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