European stock markets are expected to open lower after disappointing company results. IG, a global online trading platform, anticipates an opening loss for the DAX, FTSE100 and CAC after the European stock market ended divided this Monday.
In October, Chinese steel exports fell 9 percent on a monthly basis. This puts China’s steel exports at their lowest point this year. Compared to last year however, the decline is not too bad; compared to October 2020, total steel exports are up 11 percent.
The oil price rose 0.8 percent this Monday, settling at USD 81.93 for a barrel of West Texas Intermediate. OPEC is keeping current production agreements for now, and OPEC+ announced last week that an additional 400,000 barrels per day will be produced in December. The initial price cut on this news has since been made up by this price increase.
The 6M Euribor is unchanged at -0.54% compared to previous business day. The 10Y Swap increased with 4 basis points to 0.14% 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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