The price of oil continued to fall on Monday, ending at a price of USD 90.23 for a barrel of West Texas Intermediate. Ongoing concerns about a possible recession continue to put pressure on oil prices. At the same time, gas prices are rising and the European gas price has increased by over 9%. The increase in gas prices is largely explained by the announcement of maintenance on the Nord Stream 1 pipeline which is expected to shut down for three days.
The Moscow Exchange has announced that as of August 29th it will prohibit the use of the US Dollar as collateral. With this, Russia wants to reduce its dependency on currencies from countries that have imposed sanctions on Russia.
The rise in house prices in the Netherlands continued to level off in July. Research by Statistics Netherlands shows that in July, homes were 14.5% more expensive compared to a year earlier, while in June the price increase was 16.6% compared to a year earlier. The number of homes purchased is also declining. Since the beginning of 2022, almost 110,000 homes have been sold, which is more than 20% less than in the same period in 2021.
The 6M Euribor increased with 3 basis points to 0.86% compared to previous business day. The 10Y Swap increased with 12 basis points to 2.16% 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.
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