Market Information Wednesday 11 December 2024

According to the figures released by Destatis yesterday, inflation in Germany rose to 2.2 percent year-on-year in November, marking an increase compared to the 2.0 percent in October. Economists had already predicted the increase. Nevertheless, a month-over-month decline was observed; prices decreased by 0.2 percent compared to October.

Japan has experienced an increase in wholesale inflation for three consecutive months due to rising costs of raw materials and labor. This development comes just ahead of the BOJ’s policy meeting, where there is speculation about raising short-term interest rates from 0.25%. The corporate goods price index saw a 3.7% increase in November, surpassing expectations and marking the fastest annual rise since July 2023, driven by heightened prices in food, metals, and plastics.

In November, confidence among small business owners in the U.S. rose significantly, with the National Federation of Independent Business (NFIB) index climbing from 93.7 to 101.7, reaching its highest level since June 2021. This increase marks the first time in nearly three years that the metric has surpassed the fifty-year average of 98, partly due to anticipated shifts in economic policy following the election results. Entrepreneurs are optimistic about changes in tax and regulatory policies that promote economic growth and reduce inflation.

The 6M Euribor increased with 1 basis point to 2.66% compared to previous business day. The 10Y Swap is unchanged at 2.13% 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.