Market Information Wednesday 29 September 2021

The support that the Dutch government gave last year to curb the corona crisis, caused 65,000 to 180,000 people to keep their jobs, the Dutch Central Planning Bureau (CPB) estimated. According to the CPB, the support schemes had the desired effects. The cabinet managed to reduce people’s income loss and prevent an increase in unemployment.

Copper prices slipped on concern about the impact of power cuts in top metals consumer China. Copper has eased from a record peak in May, but it is still up 20% so far this year. In China, a shortage of coal supplies, toughening emissions standards and strong demand from manufacturers have pushed coal prices to record highs. The demand for metals seems to decrease due to this.

U.S. consumer confidence fell to a seven-month low as a relentless rise in COVID-19 cases deepened concerns about the economy’s near-term prospects. A survey from the Conference Board showed that consumers are less interested in buying a home and expensive consumer goods in the next six months. Consumers are also less confident about the labour market versus last month.

The 6M Euribor is unchanged at -0.52% compared to previous business day. The 10Y Swap increased with 3 basis points to 0.17% 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.