Market Information Wednesday 25 January 2023

Economic activity in both the US service and manufacturing sectors contracted less sharply in January, according to preliminary figures from S&P Global. The service sector purchasing managers’ index rose from 44.7 to 46.6, reaching its highest level in three months. The purchasing managers’ index for manufacturing increased from 46.2 to 46.8. This brought the composite purchasing managers’ index to 46.6 in January from 45.0 in December.

Oil prices fell Tuesday after traders factored the latest U.S. economic data into their assessment of the supply-demand balance. The price for a barrel of West Texas Intermediate crude oil closed 1.8% lower at 80.13 US dollars a barrel on the New York Mercantile Exchange.

The Netherlands raised nearly 2.0 billion euros Tuesday with the reopening of a long-term loan, which was also targeted as an upper limit. This was announced by the Finance Ministry’s Agency Tuesday afternoon. The loan matures on January 15, 2054, and was issued on September 27 last year. Nearly 6.95 billion euros is now outstanding under this loan.

The 6M Euribor increased with 2 basis points to 2.92% compared to previous business day. The 10Y Swap decreased with 2 basis points to 2.77% 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.