Market Information Monday 06 July 2026

NATO leaders meeting this week face mounting pressure to turn last year’s pledge to spend 5% of GDP on defence by 2035 into tangible military capabilities. The summit will test whether Europe can assume a greater security role while maintaining US engagement, amid concerns over defence production, procurement and support for Ukraine. Investors and policymakers are increasingly focused on whether higher defence budgets can translate into sustained industrial and strategic capacity.

Wall Street expects equities to extend their rally into the second half of 2026, supported by easing energy prices, solid earnings and ample liquidity. The broad market posted its strongest quarter in six years, while analysts forecast a further 21% gain over the next 12 months, with AI investment remaining a key driver. Investors are increasingly looking beyond mega caps towards industrials, healthcare, materials, smaller companies and international markets.

OPEC+ agreed on Sunday to raise output again, adding 188,000 barrels a day from August. The move extends a gradual unwinding of cuts in place since 2023, taking core members’ quota increases since April to almost 800,000 barrels a day. Much of the rise stays on paper for now, as the Strait of Hormuz closure keeps key exports bottled up.

The 6M Euribor increased with 2 basis points to 2.57% compared to previous business day. The 10Y Swap increased with 3 basis points to 2.99% 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.