Market Information Friday 28 June 2024

Money supply in the eurozone increased more sharply in May, according to figures from the European Central Bank. The broad money supply (M3) rose by 1.6 percent year-on-year in May, compared to 1.3 percent in April. Credit provision to households increased by 0.3 percent in May, up from 0.2 percent in April. Credit provision to non-financial companies also rose by 0.3 percent, after a 0.2 percent increase in April.

Producer confidence in the Dutch industry was less negative in June than in May, according to Statistics Netherlands. Confidence rose from -2.8 in May to -2.4 in June, with manufacturers more positive about expected activity and less negative about finished product inventories. Producer confidence has fluctuated significantly over the past few years, from a low of -31.5 in April 2020 to a high of 10.4 in October 2021, with an average of -1.3 over the past twenty years. In April, Dutch industrial production was 3.5 percent lower than a year earlier, marking the tenth consecutive month of declining production.

Pending home sales in the United States fell again in May, according to figures from the National Association of Realtors (NAR). The sales index dropped by 2.1 percent to 70.8, while economists had expected a decline of 0.4 percent. On a yearly basis, pending home sales in May decreased by 6.6 percent.

The 6M Euribor is unchanged at 3.67% compared to previous business day. The 10Y Swap is unchanged at 2.80% 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.