Market Information Wednesday 14 September 2022

US stock markets declined sharply on Tuesday after four days of gains following an unexpected rise in consumer prices in August. The S&P 500 index lost 3.3% to 3,979 points, technology exchange Nasdaq fell 4.5% to 12,189 points and the Dow Jones index lost 3% to 31,452 points. US consumer prices rose 0.1% in August, bringing year-on-year inflation to 8.3%.

The European Central Bank’s deposit rate may be raised to 2.00 % by the end of this year, according to revised expectations provided by ABN AMRO. The ECB raised key interest rates by 75 basis points last week, bringing the deposit rate to 0.75%. In the new forecast, ABN AMRO’s economists also count on a rate hike of 75 basis points in October and another 50 basis points in December.

OPEC expects the same oil demand growth for 2022 and 2023 as a month ago. This was revealed on Tuesday by the oil cartel’s monthly report for September. Oil demand will grow by 3.1 million barrels per day in 2022, OPEC said, and by 2.7 million barrels per day in 2023.

The 6M Euribor increased with 5 basis points to 1.49% compared to previous business day. The 10Y Swap increased with 9 basis points to 2.55% 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.