The price of oil closed Monday at its highest level since 2018. The price of a barrel of Brent crude oil settled at USD 81.26. The cause of the price increase was the outcome of the OPEC+ meeting, in which it was decided to gradually increase oil production in line with existing agreements.
Worldwide, airlines are roughly expected to transport halve of the number of passengers compared to before the corona crisis. Industry association IATA expects a total of 2.3 billion passengers to be carried this year and 3.4 billion passengers in 2022. That leaves airline passenger traffic well below the 4.5 billion people in 2019.
World trade is recovering from the corona crisis faster than expected. New estimates from the World Trade Organization (WTO) indicate that world trade will grow by 10.8% this year. In March, the WTO was still predicting growth of 8.0%. The expected growth for 2022 was revised upward from 4.0% to 4.7%.
The 6M Euribor is unchanged at -0.53% compared to previous business day. The 10Y Swap is unchanged at 0.15% 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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