Market Information Tuesday 10 November 2026

Americans grew more worried about the labour market in October, according to the Federal Reserve Bank of New York’s Survey of Consumer Expectations. Expectations of a higher jobless rate a year ahead reached their highest level since April 2020. Inflation expectations were unchanged at 3.9% for one year, 3.3% for three years and 3% for five years, well above the Federal Reserve’s 2% target. The Fed is expected to raise interest rates at the early December policy meeting.

Mexico’s annual inflation rose for a third consecutive month in October, reaching 3.75% compared with 3.45% in September and above the expected 3.65%. Core inflation increased to 3.8%, ahead of forecasts. Both rates remain within the central bank’s target range of 3%, plus or minus one percentage point. Banxico unexpectedly cut its benchmark rate by 25 basis points to 6.25% last week, calling it a single adjustment.

German exports rose by 2% month on month in September, well above the 0.5% increase analysts had expected. The rise follows two consecutive declines in July and August and was driven mainly by demand from European Union countries. Imports also beat expectations, climbing 4.2% against a forecast of 0.5%. The figures show some resilience to Chinese competition, with foreign trade likely to support economic growth for now.

The 6M Euribor increased with 1 basis point to 3.02% compared to previous business day. The 10Y Swap increased with 1 basis point to 3.33% 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.