Market Information Wednesday 15 March 2023

Oil prices fell sharply at the end of the trading day on Tuesday. An April futures for a barrel of West Texas Intermediate crude oil closed 4.8% lower at $71.22 on the New York Mercantile Exchange. The sell-off was partly caused by a limited recovery of the dollar on Tuesday, after a decline on Monday due to concerns about a banking crisis.

Consumer prices in the United States slightly rose in February. This was revealed on Tuesday by figures from the US Department of Labor. Consumer prices rose 0.4% on a monthly basis last month, following a 0.5% increase in January. On an annual basis, prices rose 6.0% compared to 6.4% in January.

Consumer prices in the Netherlands rose faster in February than in January. This was revealed Tuesday by figures from the Central Bureau of Statistics. Last month, the price level rose 8.0% year-on-year, following increases of 7.6% in January and 9.6% in December. In September, inflation peaked at 14.5%.

The 6M Euribor decreased with 7 basis points to 3.38% compared to previous business day. The 10Y Swap increased with 8 basis points to 3.04% 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.