Market Information Tuesday 10 May 2022

Consumer prices in the Netherlands rose by 9.6% year-on-year in April, according to the figures published by Statistics Netherlands. On an annual basis, the price of motor fuel in April increased by 24.8% while in March it was still 36.5% and thus had a moderating effect on inflation. Also, the energy price had a lowering effect on the inflation figures. In March, the year-on-year price increase stood at 157% and fell to 136% in April. The increase in food prices had an upward effect on inflation after it became 8.5% more expensive in April compared to a year earlier, which was 6.2% in March.

Manufacturing in the Netherlands increased by more than 7% year-on-year in March. The largest growth was in the machinery industry which increased by over 35%. In contrast, the transport equipment industry shrank by 10%. Confidence among industry entrepreneurs also saw an improvement in April, rising well above the average of recent years.

U.S. equity markets ended Monday back in the red. The S&P 500 fell 3.2% to close at 3,991.23 points. The Down Jones index ended at 32,2345.70 points, losing 2.0% while the Nasdaq lost as much as 4.3%, ending at 11,623.25 points. The decline was mainly due to fears of high inflation and a slowdown in growth in the United States, the final figures of which will be announced later this week.

The 6M Euribor is unchanged at -0.21% compared to previous business day. The 10Y Swap increased with 2 basis points to 1.95% 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.