Retail sales in the eurozone decreased more than expected in December. This was revealed Monday by figures published by the European statistics office Eurostat. Retail sales by volume fell 2.7 percent on a monthly basis in December. Economists had forecast a 2.5 percent decline.
The euro was significantly lower Monday than a few trading days earlier, influenced by jobs data from the United States, which showed Friday that interest rate hikes have not yet significantly removed inflationary pressures. The euro/dollar was trading at 1.0777 on Monday, after peaking at just over 1.10 last week.
Australia’s central bank has raised interest rates by another 25 basis points, to 3.35 percent. This was revealed today by the Reserve Bank of Australia. It is the fourth time the central bank has raised interest rates by 25 basis points, having previously initiated a series of four rate hikes of 50 basis points each. The bank expected Tuesday that further interest rate hikes would be needed to combat inflation.
The 6M Euribor decreased with 2 basis points to 3.01% compared to previous business day. The 10Y Swap increased with 11 basis points to 2.87% 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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