Market Information Tuesday 15 February 2022

The S&P500 and Dow Jones index both closed yesterday with decreases of 0.4% and 0.5% respectively. The Nasdaq was unchanged at 13,790.92. Due to concerns about the threat of war in Eastern Europe, it was a volatile trading day. No breakthrough could be made this weekend with the phone calls between US President Biden and Russian President Putin regarding the conflict. This Monday, Russian Foreign Minister Lavrov indicated that the crisis could be resolved diplomatically. An invasion will have a negative effect on the markets that investors are already incorporating, said Lars Skovgaard Andersen of Danske Bank.

The price of oil has risen to over USD 95. This price has not been reached since 2014. A barrel of West Texas Intermediate increased 2.5% in price Monday, settling at USD 95.46.

Japan’s economy recovered in the fourth quarter from contraction in the previous quarter. GDP grew by 1.3% on a quarterly basis. In the third quarter, the economy of Japan had still shrunk by 0.9%. If the latest figures are compared with a year earlier, it still is a growth of 5.4%. The Japanese figures on industry were also published. Here the Japanese Ministry of Trade and Industry indicated that on a monthly basis Japanese industry produced 1.0% less than a month earlier. On an annual basis, however, production still increased by 2.7%.

The 6M Euribor increased with 1 basis point to -0.46% compared to previous business day. The 10Y Swap increased with 1 basis point to 0.87% 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.