Market information Thursday March 24th 2016

Oil prices declined sharply as result of a sudden increase of the US oil inventories. Figures published by the US Department of Energy show that US crude oil inventories rose by 9.4 million barrels, where an increase of 2.5 million barres was expected. The price of Brent oil fell with 2.5%.

Dutch consumption rose with 0.3% in January 2016 compared to December 2015. These figures were published by Statistics Netherlands. In December 2015 consumption rose with 0,8% compared to a year earlier. Statistics Netherland conclude that the drop in growth figures is a result of a decline in gas and automobile consumption.

Consumer confidence in Germany fell slightly in March 2016. The index constructed by Gfk declined from 9.50 in February to 9.40 this month. Analysts had anticipated an unchanged level of the index.

The 6M Euribor remained unchanged at -0.13%. The 10Y Swap decreased with 2 basispoints at 0.57%.

In the attachment, today’s market data on money and capital market rates as well as other rates are presented. For more history of these rates or other rates feel free to ask: