European statistics bureau Eurostat reports that inflation in February rose by 0.2% on a monthly basis in the euro zone. ING Bank indicates that inflation is currently constant, but that it is a matter of time until it rises above 2%, after which it will level off again in 2022, which would reduce concerns of the ECB, as rising interest rates could reduce economic recovery.
The China Banking and Insurance Regulatory Commission (CBIRC) warns that current stock prices on mainly European and American financial markets could be too high. These prices would not be in line with the real economy, which could cause a correction.
The Dutch government’s trade mission to Qatar has been postponed by outgoing minister Sigrid Kaag. The reason for this is an article of The Guardian written last week, which made it clear that 6,500 workers were killed in the construction of stadiums for the 2022 FIFA World Cup in Qatar. It is not yet clear when and if the trade mission will take place.
The 6M Euribor increased with 1 basis point to -0.51% compared to previous business day. The 10Y Swap decreased with 1 basis point to -0.04% 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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