Market Information Wednesday 14 July 2021

US consumer prices rose 5.4% in June compared to the same month a year earlier, the strongest increase in thirteen years and more than expected. Economists had expected 4.9%. In May prices increased with 5.0%. Core inflation, excluding volatile food and energy prices, rose from 3.8% to 4.5%. Economists had expected an increase of 4.0%. US coronavirus vaccinations, low interest rates and nearly USD 6,000 billion in government aid are fuelling demand, while many supply chains are shut down and prices are thus rising.

British banks are allowed to distribute more capital to shareholders again. The Bank of England has lifted its moratorium on dividend payments and share buybacks with immediate effect, the institution announced on Tuesday.

China’s exports grew faster than expected in June. Exports grew 32.2% on an annual basis last year. Imports also grew faster than expected at 36.7%. Analysts consulted by Reuters news agency had expected exports to grow by 23.1% and imports to grow by 30%.

The 6M Euribor is unchanged at -0.51% compared to previous business day. The 10Y Swap increased with 1 basis point to 0.04% 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.