Market Information Wednesday 29 June 2022

Christine Lagarde stressed Tuesday in a speech at the European Central Bank’s annual forum that it will not hesitate to take bigger steps and raise interest rates faster to fight inflation, if necessary. The current uncertain economic conditions are reason for the central bank to gradually reduce monetary support, Lagarde argued.

U.S. consumer confidence fell sharply in June as worries about high inflation left consumers anticipating economic growth could weaken significantly in the second half of the year. The Conference Board said on Tuesday its consumer confidence index dropped 4.5 points to a reading of 98.7 this month.

Analysts at both Cox Automative and lowered their U.S. auto sales forecasts for 2022, as supply chain disruptions continue and will leave dealers short of new vehicles for the foreseeable future. Full-year forecasts dropped to 14.4 million vehicles from 15.3 million.

The 6M Euribor is unchanged at 0.22% compared to previous business day. The 10Y Swap increased with 7 basis points to 2.41% 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.