Market Information Friday 2 May 2025

The US and Ukrainian governments have reached an agreement on a much-debated minerals deal. US Treasury Secretary Scott Bessent called it a step toward ending the war and rebuilding Ukraine. As part of the deal, the US dropped its demand for Ukraine to repay billions in military aid. A central component is a joint investment fund, financed by the US and allies, to support Ukraine’s reconstruction. Although Trump initially saw the deal as a way to reclaim military funds, he eventually agreed that Ukraine would not need to repay the aid.

The Bank of Japan kept its interest rate unchanged at 0.50%, but expressed growing concerns about the impact of US import tariffs and global responses. As inflation in Japan remains persistent and wages are steadily rising, the central bank did not rule out future rate hikes.

UK manufacturing shrank in April, but less sharply than in March, according to final figures from S&P Global. The manufacturing PMI rose from 44.9 in March to 45.4 in April. The index still indicates contraction, even as this marks the seventh consecutive month of decline.

The 6M Euribor increased with 1 basis point to 2.13% compared to previous business day. The 10Y Swap decreased with 4 basis points to 2.43% 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.