Market Information Wednesday 7 December 2022

The US trade deficit widened less than expected in October. This was revealed by the US Commerce Department figures on Tuesday. The deficit rose from a revised $ 74.1 billion in September to $ 78.2 billion in October. Analysts had previously forecast $ 80.0 billion. Exports fell 0.7% to $ 256.6 billion in October, while imports rose 0.6% to $ 334.8 billion.

Inflation in countries in the OECD region continued to rise in October. This was reported by the Paris-based think tank on Tuesday. Inflation stood at 10.7% year-on-year. In September, inflation was 10.5%. In 18 of the 38 OECD countries, inflation reached double-digits in October. Food prices saw a 16.1% rise from 15.3% a month earlier. This is the highest rate since May 1974. Energy prices rose 28.1% year-on-year. In September, it was 28.8%. In 13 OECD countries, energy prices rose more than 30%. Core inflation in the OECD region stood at 7.6% in October, unchanged from a month earlier.

German manufacturing output fell slightly in October. This was revealed on Wednesday by figures from Destatis, the German statistical office. Production, adjusted for seasonal and working-day effects, was 0.1% lower in October than a month earlier. In September, output was still up 1.1%. On a year-on-year basis, industrial production slowed down in October, after rising 3.1% in September.

The 6M Euribor increased with 3 basis points to 2.44% compared to previous business day. The 10Y Swap decreased with 6 basis points to 2.54% 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.