Data provider Refinitiv reports that companies announced USD 364 billion in acquisitions globally in January. That is the third busiest start to the year since the first observation in 1980. Last year a record was set, with more than USD 5600 billion in company acquisitions worldwide.
India unveiled a higher budget of 39.45 trillion rupee (USD 529.7 billion) for the coming fiscal year, stepping up investment on highways and affordable housing to put growth on a firmer footing as the economy recovers from the pandemic. The government has projected GDP growth at 8% to 8.5% compared with an estimated 9.2% for the current fiscal year and a 6.6% contraction in the previous year.
The index of national factory activity of the Institute for Supply Management fell to a 14-month low in January amid an outbreak of COVID-19 infections, supporting views that economic growth lost steam at the start of the year. The index still indicates expansion of manufacturing, which accounts for 11.9% of the U.S. economy.
The 6M Euribor increased with 1 basis point to -0.51% compared to previous business day. The 10Y Swap increased with 2 basis points to 0.48% 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.
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