Market Information Monday 1 July 2024

Producer prices in the Dutch industry fell by 0.3 percent in May compared to last year, after a stable month in April. Since April 2023, producer prices have been under pressure. The development of producer prices is closely linked to the price trends of crude oil. In May, a barrel of crude North Sea Brent cost nearly 77 euros, which was more than 10 percent higher than a year earlier.

The number of unemployed in Germany increased by 19,000 in June, while economists had expected an increase of 10,000. As a result, the unemployment rate rose from 5.9 percent to 6.0 percent. In total, 2.726 million were unemployed in June, compared to 2.722 million in May.

Core inflation in the United States decreased from 2.8 percent to 2.6 percent in May, as expected. The general price index also fell from 2.7 percent to 2.6 percent. Incomes rose by 0.5 percent, while Americans’ spending increased by 0.2 percent.

The 6M Euribor increased with 1 basis point to 3.68% compared to previous business day. The 10Y Swap increased with 4 basis points to 2.84% 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.