The price of oil has been on the rise again on Thursday. At the time of the review, the price of Brent crude oil rose to nearly 107 dollars per barrel, which is the highest price of the day. The price of West Texas Intermediate oil, on the other hand, was 93 dollars per barrel.
In the United States, interest rates on government bonds were on the rise on Thursday.
The interest rate on the US ten-year government bond was 2.6 percentage points higher at 4.358 percent. The interest rate on the two-year government bond was a solid increase of 3.5 percentage points at 3.920 percent.
In Germany, interest rates on government bonds rose rapidly.
The interest rate on Germany’s ten-year government bond was up 7.6 interest points at 2.642 percent. The interest rate on the two-year government bond in Germany was 6.5 percentage points higher at 2.952 percent.
In Great Britain, the interest rate on the ten-year government bond rose by 9.3 percent, in France by 9.6 percent, and in Italy by as much as 12 percent.
According to Bloomberg, the European government bond market has seen exceptionally strong swings in March. The movement approaching record levels is largely due to the uncertain situation in the Middle East.
At 16:20, one euro fetched 1.1546 dollars, 184.2 yen, 0.864 pounds and 10.85 Swedish kronor. One dollar gave 0.866 euros and 159.6 yen.
Wall Street opened higher on Friday.