Market Information Wednesday 24 March 2021

The current account deficit of the United States has reached a 12-year high in 2020, climbing to USD 647.2 billion. This is an increase of 34.8% and the deficit is equal to 3.1% of the gross domestic product, as reported by the Commerce Department. It is caused by disturbed export levels due to the COVID-19 pandemic, and enormous fiscal stimulus plans to support the economy.

On Tuesday morning, the Dutch cabinet announced a new arrangement in which three partnerships between start-ups, knowledge institutes and investors each receive EUR 8 million. The so-called Thematic Technology Transfer was created to support the development of water technology, medical technology, and artificial intelligence through the exchange of knowledge between colleges, universities, and companies.

Yesterday the price of a barrel of Brent oil fell 4.5% to USD 61.92. WTI also suffered as the price of WTI oil fell 4%, bringing it below USD 60 per barrel.

The 6M Euribor is unchanged at -0.52% compared to previous business day. The 10Y Swap decreased with 2 basis points to 0.03% 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.