Market Information Tuesday 2 February 2021

The unemployment rate in the euro area remained unchanged in December compared to the previous month, despite the imposed lockdown measures. According to the European statistics office Eurostat, 8.3% of the working population was without a job, which was the same as in November. This marked the end of the recovery that has been underway since last summer.

The price of silver on the financial markets has increased significantly. This is the result of actions of a group of small investors on the internet forum Reddit, who after investing in GameStop and AMC are now pushing the silver price. Some silver futures on trading platform Comex, an important indicator for the silver price, increased almost 9% on Monday to USD 29.25 per troy ounce, or 31.1 grams.

The housing shortage will only become worse in the coming years. This year, a shortage of about 285,000 homes is foreseen, reports real estate advisor Capital Value based on research in cooperation with ABF Research. The current housing shortage is lower than previously expected, because the population has grown slower due to the coronapandemic. According to the study, the shortage will increase to 355,000 homes in 2023 according to current forecasts. A significant decline is expected at the earliest from 2027 onwards.

The 6M Euribor is unchanged at -0.53% compared to previous business day. The 10Y Swap is unchanged at -0.19% 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.