There were no significant changes in interest rates on government bonds on Tuesday. The interest rate on the two-year US government bond had decreased by 0.6 percentage points to 4.268 percent. The longer ten-year yield had risen by 0.2 basis points to 4.632 percent.
In Germany, the interest rate on the two-year government bond had dropped by 1.7 percentage points, while the ten-year one had dropped by 0.2 percentage points to 2.443 percent.
In the middle of the day, the December inflation figures from the euro area were received. The figures offered no surprises.
Eurozone consumer prices were in line with economists’ expectations in December. Inflation was 2.4 percent. In November, consumer prices rose by 2.2 percent.
Consumer prices rose by 0.4 percent in November, in line with expectations. In November, prices fell by 0.3 percent from October.
In December, basic consumer prices rose by 2.7 percent from last year, which was also in line with economists’ forecasts. In November, basic consumer prices rose by 2.7 percent from last year.
Core consumer inflation describes the increase in prices without changes in food and energy prices.
Later in the afternoon, the statistics on the US trade balance for November were received. The trade balance was $78.2 billion in deficit, while the economist consensus expected a deficit of $78.3 billion.
At 4:20 p.m., one euro was worth 1.04 dollars, 163.8 yen, 0.83 pounds and 11.5 Swedish kronor. The dollar was 157.7 yen and the pound was 1.25 dollars.
Futures anticipate a bullish opening in the United States. S&P 500 futures for March were up 0.3 percent, while Nasdaq 100 futures were up 0.2 percent. The Dow Jones was up 0.3 percent.
Source: www.arvopaperi.fi
