European shares moved sideways and bond markets rallied on Tuesday as some disappointing earnings, the prospect of another super-sized United States interest rate hike and a looming gas crisis all kept the mood cautious. Asia had been buoyed overnight by a new Chinese plan to tackle its property crisis and as tech giant Alibaba sought a primary listing in Hong Kong , but Europe and Wall Street could not keep it going.
Since it began its current round of interest-rate hikes this year, the U.S. Federal Reserve (Fed) has aimed to let investors know ahead of time not just where rates are heading generally but exactly how big a move to expect each time. And despite some snags, including what analysts say was a last-minute but successfully telegraphed change of plans before the June meeting, Fed Chair Jerome Powell isn’t likely to abandon those efforts.
New Zealand’s central bank is reviewing its recent performance regarding monetary policy, Governor Adrian Orr said on Tuesday, after criticism of its pandemic measures, and those of other central banks, figured in a recent report. Inflation near three-decade highs is forcing people in New Zealand to grapple with rising costs and little wage inflation.
The 6M Euribor decreased with 8 basis points to 0.63% compared to previous business day. The 10Y Swap decreased with 9 basis points to 1.74% 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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