Market Information Thursday 29 August 2024

The German economy contracted slightly in the second quarter of this year, according to final figures from the German statistical office Destatis released on Wednesday morning. On a quarterly basis, a contraction of 0.1 percent was registered, matching the preliminary figures from the end of July. In the first quarter, the economy grew by 0.2 percent. On an annual basis, gross domestic product remained stable in the second quarter. Economists had expected a decline of 0.1 percent, in line with the preliminary figure that pointed to a contraction of 0.1 percent.

Crude oil inventories in the United States declined last week, according to figures from the U.S. Energy Information Administration (EIA) released on Wednesday. In the week ending on August 23, crude oil inventories fell by 0.8 million barrels to 425.2 million barrels. Gasoline inventories decreased by 2.2 million barrels to 218.4 million barrels. Inventories of heating oil and diesel increased by 0.3 million barrels to 123.1 million barrels. Refinery capacity utilization rose from 92.3 percent to 93.3 percent.

Consumer confidence in France further increased in August, according to figures from the French statistical office Insee released on Wednesday. The confidence index stood at 92, up from 91 in July and 90 in June.

The 6M Euribor decreased with 1 basis point to 3.39% compared to previous business day. The 10Y Swap decreased with 3 basis points to 2.50% 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.