Market Information Wednesday 11 November 2026

US monetary policy remains tilted toward further tightening as inflation continues to exceed the 2% target, although policymakers are stressing caution amid risks to employment. Businesses continue to report rising costs and plans to pass these on, while healthy demand is sustaining inflationary pressure. Artificial intelligence investment remains an important contributor to economic growth, but could create downside risks to investment, consumption and employment if expectations weaken.

Yesterday, oil prices fell sharply as reduced expectations of further US military action against Iran eased concerns over Middle Eastern supply disruptions. Brent crude dropped 3.15% to $89.65 per barrel, falling below $90 for the first time since August, while West Texas Intermediate declined 2.68% to $84.52. Brent has retreated around 23% from its late-October high, with rising supply and weaker demand also weighing on prices.

China’s trade surplus reached $1.04 trillion in the first ten months of 2026, supported by strong global demand for high-tech products amid subdued domestic consumption and a prolonged property downturn. Exports rose 35.2% year on year in October, exceeding expectations of 33.5%, while imports surged 41.6%. The growing reliance on external demand leaves the economy increasingly exposed to additional tariffs and trade barriers.

The 6M Euribor decreased with 2 basis points to 3.00% compared to previous business day. The 10Y Swap increased with 5 basis points to 3.38% 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.