Market Information Wednesday 22 February 2023

Existing home sales in the United States fell in January. This was revealed on Tuesday by figures from real estate brokerage organization NAR. On a monthly basis, sales fell by 0.7% to 4.00 million homes. Economists had previously counted on 4.07 million sales. Sales have been falling for 12 months now. In contrast, the median sales price rose 1.3% to $359,000, compared to a year earlier. For 131 months in a row, the price has been rising.

The British economy showed significant growth in February. This was revealed on Tuesday by S&P Global. The purchasing managers’ index for the services sector came out at 53.3 in February against 48.7 in January. This puts the index at its highest level in 8 months. The purchasing managers’ index for British manufacturing has increased from 47.0 to 49.2, the highest level in 7 months. The composite index rose from 48.5 to 53.0.

Oil prices fell on Tuesday. At a settlement of $76.16, a barrel of West Texas Intermediate became 0.2% cheaper. Brent oil became 1.2% cheaper at $83.05 a barrel.

The 6M Euribor decreased with 2 basis points to 3.19% compared to previous business day. The 10Y Swap increased with 7 basis points to 3.09% 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.