Market Information Tuesday 6 May 2025

U.S. crude oil prices dropped 2% to $57.13 a barrel—marking their lowest level since February 2021—after OPEC+ announced a second consecutive production increase. With over 800,000 barrels per day added in May and June, and recession fears growing due to rising U.S. tariffs, the oil market faces a double hit of weak demand and surging supply. Major oil companies and service firms are cutting investments amid falling profits.

Asia-Pacific markets mostly rose Tuesday as hopes grew for trade deals between the U.S. and regional partners. India and Malaysia reported progress on tariff talks, and U.S. officials hinted at imminent agreements. Chinese stocks rebounded after holidays, while a weakening dollar supported Asian currencies. Despite mixed data from China and India, investor sentiment remained cautiously upbeat.

U.S. stock futures were little changed as investors await the Federal Reserve’s policy decision following Trump’s announcement of new tariffs. A rate cut is seen as unlikely, and Fed Chair Powell is expected to maintain a cautious stance. On Monday, major indexes fell.

The 6M Euribor increased with 1 basis point to 2.14% compared to previous business day. The 10Y Swap increased with 5 basis points to 2.48% 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.