Market Information Tuesday 7 December 2021

Consumer prices in the Netherlands in November increased at a the fastest pace in nearly 40 years. Prices increased 5.2% year-on-year, after rising 3.4% year-on-year in October. The previous time this level of growth had been reached was in September 1982. The contribution of gas and electricity to this increase was over 2% in November, given that gas prices were 53.0% more expensive than a year earlier. Electricity also increased sharply, where the year-on-year price increase was 74.9 percent in November. The year-on-year price increase for electricity was still 39.6% in October. Motor fuels also increased in price in the month of November. Compared to the previous year, motor fuel prices were up 31.4% this November. The price of LPG and diesel also increased.

China’s exports rose 22.0% year-on-year, which was a lot higher than economists had expected. Imports rose 31.7%, where 19.8% had first been anticipated. This brought the trade surplus in May to USD 71.72 billion, instead of the USD 82.2 billion predicted by economists.

The 6M Euribor is unchanged at -0.54% compared to previous business day. The 10Y Swap is unchanged at 0.10% 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.