Market Information Tuesday 9 September 2025

Gold has hit a record above $3,600 per ounce, up 37% this year, driven by US inflation fears, debt concerns, and expectations of Fed rate cuts. A weaker dollar, political uncertainty, and central bank buying are adding to demand, with analysts seeing further gains as investors move away from US Treasuries.

Greece will spend €1.6 billion on tax cuts and housing measures to counter population decline, as Prime Minister Mitsotakis announced. Income taxes will drop by two percentage points, with larger reductions for families with three or more children, alongside new apartments and rent subsidies. With fertility at just 1.4 children per woman, which is the lowest in Europe, the government sees demographic decline as a “national threat”.

China’s exports rose just 4.4% in August, the weakest growth in six months and below expectations, as ongoing trade tensions with the U.S. weighed on momentum. Imports also slowed, while shipments to the U.S. plunged 33%, though stronger demand from Southeast Asia and the EU provided some offset. Analysts caution that with tariff truces fading and new U.S. measures taking effect, China’s trade outlook faces growing pressure.

The 6M Euribor is unchanged at 2.10% compared to previous business day. The 10Y Swap decreased with 2 basis points to 2.61% 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.