Market Information Wednesday 3 August 2022

The number of job vacancies in the United States fell in June, according to figures published by the American Department of Labour on Tuesday. In June, the number of vacancies was around 10.7 million. In May, vacancies were about 11.3 million and in April about 11.7 million. In June 2021, 9.8 million vacancies were reported.

Markets are assuming that the Bank of England will raise interest rates by 50 basis points on Thursday. This would follow the footsteps of the Federal Reserve and the ECB. It would be the first time since the central bank became independent – in 1997 – that such a large increase is made. More details also will be disclosed on plans to actively sell the £ 895bn portfolio of bonds, accumulated during the bond purchase programme.

Growth in the Chinese services sector accelerated in July, according to figures published by Markit today. The purchasing managers index for the services sector came in July to 55.5, against 54.5 in June. However, the purchasing managers index for the Chinese industry decreased on Monday from 51.7 in June to 50.4 in July. The composite index fell from 55.3 to 54.0.

The 6M Euribor is unchanged at 0.65% compared to previous business day. The 10Y Swap increased with 3 basis points to 1.66% 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.