Market Information Friday 1 August 2025

The US will impose a 15% tariff on EU wine and spirits starting August 1, while talks between the US and EU continue. Although the EU secured exemptions for certain products such as aircraft parts and cork, wine and spirits are not included and will be affected by the tariffs. The European Commission also warned that a joint EU-US trade statement may be delayed due to ongoing negotiations.

According to figures released yesterday by Germany’s Federal Statistical Office, Destatis, consumer price growth in July remained unchanged from the previous month, with an annual increase of 2.0 percent. Core inflation remained stable at 2.7 percent, while food prices rose slightly and energy became cheaper.

New unemployment claims in the US rose slightly to 218,000 last week, indicating a stable but cooling labor market as laid-off workers struggle to find new jobs. Economists cite hiring hesitation due to tariff uncertainty and reduced labor supply from immigration policies, while the Federal Reserve maintained interest rates but warned of risks to employment.

The 6M Euribor increased with 1 basis point to 2.09% compared to previous business day. The 10Y Swap is unchanged at 2.68% 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.