Market Information Tuesday 31 January 2023

The German economy contracted slightly in the fourth quarter. This was revealed by figures from Destatis, the German statistical office. On a quarterly basis, the contraction was 0.2 percent. On an annual basis, however, German gross domestic product grew by 1.1 percent.

Eurozone consumer confidence improved in January, as expected, but remained strongly negative. This was revealed by final figures from the European Commission. The confidence index improved from -22.1 in December to -20.9 this month.

China’s economy was in much better shape again in January. This was revealed this morning by Chinese government figures. According to the official figures, the purchasing managers’ index for Chinese industry rose from 47.0 in December to 50.1 in January. An even higher index of 50.4 had been anticipated by analysts.

The 6M Euribor increased with 2 basis points to 2.94% compared to previous business day. The 10Y Swap increased with 7 basis points to 2.90% 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.