Market Information Wednesday 13 April 2022

The increase in the general price level in the United States rose to 8.5% in March, the U.S. Department of Labor reported. This is the highest rate since December 1981. Energy and food prices contributed most to the high inflation rate. Without those two factors, inflation reached 6.5%, which also ranks as the highest core inflation rate in some 40 years.

The World Trade Organization (WTO) has revised its forecast for world trade growth downward because of the war between Ukraine and Russia. Instead of the previously estimated 4.7% growth, it is now counting on 3% growth. According to the WTO, world trade is being hit at a critical time by the war.

Oil prices climbed on Tuesday as Shanghai’s relaxation of some COVID-19 restrictions eased concerns about Chinese demand and as OPEC warned it would be impossible to replace potential supply losses from Russia. Brent crude futures and U.S. West Texas Intermediate both rose by more than 5%, while both contracts lost about 4% on Monday.

The 6M Euribor increased with 2 basis points to -0.33% compared to previous business day. The 10Y Swap is unchanged at 1.49% 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.