Market Information Tuesday 24 October 2023

US stock markets ended mostly lower yesterday after a volatile day. The S&P 500 fell 0.2%, the Dow Jones dropped 0.6% and the Nasdaq rose 0.3%. At the root of this sentiment are geopolitical risks combined with rising interest rates. Yesterday, the ten-year rate briefly rose above 5%, but then fell back to 4.85%.

Oil prices fell sharply on Monday. A barrel of West Texas Intermediate became almost 3% cheaper. Crude oil prices fell on fears that the war will prove a drag on the global economy. A weaker global economy is detrimental to oil demand. Expectations are that oil markets will remain volatile due to doubts about whether Iran will become involved in the war.

Mortgage rates in the Dutch housing market fell slightly. The average interest rate on an NHG mortgage with a 10-year fixed-rate period fell from 4.53% to 4.49%. The mortgage rate for homebuyers who want to fix the mortgage rate for thirty years fell from 4.84% to 4.8%.

The 6M Euribor decreased with 2 basis points to 4.11% compared to previous business day. The 10Y Swap decreased with 3 basis points to 3.44% 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.