Market Insights

Market Information Friday 9 February 2024

Good morning,

Wholesale inventories in the United States rose in December as expected, with a 0.4% increase on a monthly basis and a 2.7% decrease annually. Wholesale sales also saw an uptick, rising by 0.7% on a monthly basis and 1.6% annually.

The number of new applications for unemployment benefits in the United States fell to 218,000, below the expectation of 220,000. However, the four-week moving average increased by 3,750 to 212,250, while the number of extended benefit claims dropped to 1,871,000.

Oil prices surged, with West Texas Intermediate reaching $76.22 per barrel and Brent nearly hitting $82 per barrel, driven by ongoing concerns over the Middle East, particularly after recent developments in Gaza. Prices also rose on Wednesday caused by a decline in gasoline stocks.

The 6M Euribor decreased with 2 basis points to 3.90% compared to previous business day. The 10Y Swap increased with 4 basis points to 2.74% 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.

Fintegral

is now part of Zanders

In a continued effort to ensure we offer our customers the very best in knowledge and skills, Zanders has acquired Fintegral.

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RiskQuest

is now part of Zanders

In a continued effort to ensure we offer our customers the very best in knowledge and skills, Zanders has acquired RiskQuest.

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Optimum Prime

is now part of Zanders

In a continued effort to ensure we offer our customers the very best in knowledge and skills, Zanders has acquired Optimum Prime.

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