The European Commission imposes new sanctions against Russia over the invasion of Ukraine. Commission President Ursula von der Leyen announced that the European Commission wants a ban on imports of Russian coal worth EUR 4 billion a year. As far as Brussels is concerned, European ports must from now on prevent ships from Russia from entering ports.
Data from Statistics Canada show that Canada’s exports rose 2.8% in February to a record high, driven mostly by energy products, while imports climbed 3.9% from the previous month. Economists anticipate more gains for exports ahead.
Hungary threatens to lose European subsidies because it does nog act sufficiently against corruption with EU funds and against the slipping of the rule of law. The European Commission has decided to take another step in the ongoing conflict with Budapest, President Ursula von der Leyen announced. On Sunday, Hungarian President Orbán recorded a convincing victory in the state elections.
The 6M Euribor is unchanged at -0.36% compared to previous business day. The 10Y Swap increased with 10 basis points to 1.27% 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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