Market Information Thursday 2 January 2025

Russia halted gas exports through Ukraine, ending decades of energy dominance in Europe. The European Union (EU) has secured alternative supplies, minimizing impacts on consumers, while Ukraine and Gazprom face significant financial losses. Ukraine calls it a “historic event,” highlighting Europe’s shift from Russian energy reliance.

Asian markets fell amid caution over Donald Trump’s return to the White House and concerns about Chinese economic recovery. The MSCI Asia-Pacific Index dropped 0.5%, with Chinese and Hong Kong stocks leading declines. Investors remain wary of external risks and potential United States U.S.-China trade tensions.

The dollar gained against most currencies as markets expect slower Federal reserve (Fed) rate decreases in 2025 compared to more aggressive easing by the European Central Bank (ECB) and Bank of England (BoE). Treasury yields are forecasted to rise, while gold surged 27% in 2024, continuing its upward momentum as a key safe-haven asset.

The 6M Euribor decreased with 2 basis points to 2.56% compared to previous business day. The 10Y Swap is unchanged at 2.36% 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.