Market Information Wednesday 1 June 2022

Consumer prices in the Netherlands in May were on average 10.2% higher than the same month in 2021, as announced by Statistics Netherlands Tuesday. The annual inflation rate decreased compared to that in April (11.2%) and March (11.7%), but was higher than the eurozone average (8.1%).

European Union leaders have agreed an embargo on Russian oil imports that will start towards the end of the year and which exempts pipeline imports that Hungary and two countries rely on. This is the toughest sanction yet on Russia for its invasion of Ukraine and aims to remove 90% of Russia’s crude imports into the EU by year-end.

The Conference Board announced that consumer confidence in the United States fell in May to its lowest level since February. The Conference Board’s Consumer Confidence index fell to 106.4 after a reading of 108.6 in April. In February, the index stood at 105.7.

The 6M Euribor increased with 1 basis point to -0.07% compared to previous business day. The 10Y Swap increased with 7 basis points to 1.85% 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.