Market Information Wednesday 31 January 2024

U.S. consumer confidence increased significantly in January, reaching its highest level in two years as reported by The Conference Board. The index climbed from 108.0 in December to 114.8, marking the third consecutive month of increases.

The euro experienced a slight decline against the dollar Tuesday morning following a series of GDP figures from the Eurozone, which indicated zero growth in the fourth quarter after a contraction of 0.1 percent in the previous quarter. Currency strategists expect the dollar to maintain its gains against European currencies in the coming days.

Spain’s economic growth picked up in the fourth quarter, showing a stronger expansion compared to the previous quarter, according to the Spanish Statistical Office. Quarterly growth was 0.6 percent, up from 0.4 percent in the third quarter, while the annual growth rate for the country’s GDP in the fourth quarter was 2.0 percent, slightly higher than the 1.9 percent in the third quarter.

In January, consumer confidence in the Eurozone fell slightly, with the index dropping by 1.0 point to -16.1, remaining well below the long-term average as reported by the European Commission. While the overall economic sentiment in the Eurozone decreased minimally from 96.3 to 96.2, against expectations of an increase to 96.5, confidence in the services sector did see an improvement.

The 6M Euribor is unchanged at 3.87% compared to previous business day. The 10Y Swap increased with 3 basis points to 2.65% 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.