Market Information Wednesday 27 November 2024

The announced U.S. import tariffs on goods from Canada, Mexico, and China cause economic turmoil in European markets. Investors fear an escalating trade conflict, leading to significant declines in stock prices, especially among steel producers. These macroeconomic concerns pushed the Dutch indices AEX, AMX, and AScX into the red.

The European Central Bank is contemplating an interest rate cut in December, as high rates could potentially exacerbate the economic slowdown. Weak figures from the services sector increase the likelihood of a significant rate adjustment, according to traders, prompting policymakers to support the economy amidst these challenges.

The central bank of New Zealand reduced interest rates for the third time in four months to 4.25%, indicating further significant monetary easing, including a potential 0.5% cut in February, as inflation aligns with their target. Following the announcement, both the New Zealand dollar and short-term interest rates saw an initial increase.

The 6M Euribor decreased with 6 basis points to 2.71% compared to previous business day. The 10Y Swap is unchanged at 2.24% 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.