Market Information Tuesday 22 February 2022

European stock markets closed with losses yesterday. Closing at 454.81 points, the Stoxx Europe 600 was in decline by 1.3%. The German DAX decreased by 2.1%, the British FTSE 100 saw a decrease of 0.4% and the French CAC 40 also fell by 2.0%. The markets are reacting to the geopolitical situation regarding Russia and Ukraine. On the Ukrainian border five people were said to be killed and President Putin recognized the independence of the self-proclaimed People’s Republics of Donetsk (DNR) and Lugansk (LNR) in eastern Ukraine.

Figures from CBS and the Land Registry showed today that existing Dutch owner-occupied homes became substantially more expensive again in December. In January, the price of residential property increased 22.1% compared with a year earlier. In December, the increase was still 20.4%. This is the largest price increase since these statistics began in 1995. The volume of transactions did decline, given that 14,053 housing transactions were recorded in January, which is 43% less than a year earlier.

According to the German Bundesbank, the outlook for the German economy is good, and the economy is expected to pick up in the coming months. This is on the condition that the pandemic is mitigated and the problems in the supply chain are reduced. High inflation is expected to continue, partly because of rising energy prices.

The 6M Euribor decreased with 1 basis point to -0.49% compared to previous business day. The 10Y Swap increased with 2 basis points to 0.80% 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.