Market Information Tuesday 26 April 2022

The AEX is expected to see a strong recovery today after it closed Monday with a loss of over 2.5% at 699.19 points. The decline is partly due to fears of an increasing growth slowdown in China as more and more cities in China go into lockdown due to the re-emerging corona virus. At close of the AEX index, the S&P 500 noted a decline of 1.8% but eventually managed to close the day with 0.6% profit in anticipation of the figures that over a third of the companies in the S&P 500 will release this week.

According to IMF expectations, stagflation may begin to occur in Asia, as a result of rising commodity prices and declining trades with European trading partners due to the ongoing conflict between Russia and Ukraine. In addition, China’s weakening economy is intensifying pressure on regional growth.

The price for a barrel of West Texas Intermediate oil fell 3.5% on Monday to a price of USD 98.54. Sentiment was suppressed by concerns around lockdowns in China which could have a major impact on oil demand. In addition, the EU has announced the preparation of possible new sanctions against energy imports from Russia.

The 6M Euribor increased with 4 basis points to -0.27% compared to previous business day. The 10Y Swap decreased with 8 basis points to 1.59% 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.