Market Information Tuesday 14 March 2023

Oil prices fell more than $1 on Tuesday, extending yesterday’s slide. Brent crude futures were down 87 cents, or 1.1%, at $79.90. U.S. West Texas Intermediate crude futures (WTI) dropped 85 cents, or 1.1%, to $73.93 a barrel. On Monday, Brent fell to its lowest since early January, while WTI dropped to its lowest since December.

India’s annual wholesale price-based inflation (WPI) eased to the lowest in over two years, dragged down by a fall in overall input costs for manufacturers on the back of favourable commodity prices. WPI in February eased to 3.85% year-on-year, compared with 4.73% in the previous month.

UK unemployment remained flat in the three months to January. This was revealed on Tuesday by figures from the UK statistics office ONS. In the period under review, seasonally adjusted unemployment stood at 3.7 per cent, the same as a quarter earlier, but also 0.3 percentage points below the level before the corona pandemic outbreak.

The 6M Euribor decreased with 1 basis point to 3.45% compared to previous business day. The 10Y Swap decreased with 11 basis points to 2.96% 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.