Market Information Wednesday 16 March 2022

The European Union is depriving Russia of the trade privileges it has previously enjoyed as a member of the World Trade Organization (WTO). This makes import quotas and customs duties possible. The sanction is part of the fourth set of sanctions that the EU is imposing on Russia.

As of today, futures contracts for nickel can be traded again on the metal exchange in London. This comes a week after the biggest crisis in the metals market in decades. Limits have been placed on the price movements of nickel and those of other metals.

The oil price fell sharply yesterday. A barrel of Brent crude oil costs less than 100 dollar for the first time since February. China’s expected rapid economic recovery is delayed now that the country is once again in the grip of the corona virus. That will reduce the demand for oil, investors expect.

The 6M Euribor is unchanged at -0.41% compared to previous business day. The 10Y Swap decreased with 2 basis points to 1.03% 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.