Figures from the US Department of Commerce show that the US trade deficit widened in December. The deficit rose from USD 79.3 billion in November to USD 80.7 billion in December, an increase of 1.8 percent. The figure is known to be volatile.
India’s central bank is expected to hold its repo rate steady on Thursday, but a poll by Reuters showed that economists are expecting an increase in the reverse repo rate as part of a process to reduce surplus liquidity poured into markets earlier in the pandemic. A three-day meeting of the Reserve Bank of India’s monetary policy committee is set to end on Thursday, having been delayed after Maharashtra state declared a day of mourning on Monday following the death of legendary singer Lata Mangeshkar.
On a joint news conference with German Chancellor Olaf Scholz, U.S. President Joe Biden said that there would no longer be Nord Stream 2 when Russia invakes Ukraine. When asked to specify how he would go about ensuring the controversial pipeline would not be used, Biden assured that the U.S. would be able to bring it to an end. The United States and Germany have sought to present a united front against potential Russian military aggression in Ukraine, with Biden declaring the two in “lockstep” despite questions over Berlin’s commitment to scuttle the important energy pipeline.
The 6M Euribor increased with 1 basis point to -0.46% compared to previous business day. The 10Y Swap increased with 7 basis points to 0.77% 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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