Market Information Friday 14 June 2019

Market Information Friday 14 June 2019

Statistics Netherlands reports that goods exports were 1.9% higher in April than in the same month last year. The volume of imports in April was almost the same as in April 2018. In April, exports of chemical products and machines in particular grew. On the other hand, the export of electrical equipment decreased.

The US government reports that import prices fell by 0.3% in May compared to April. US export prices fell by 0.2% on a monthly basis, following an adjusted plus of 0.1% a month earlier. Economists had anticipated a fall in import prices of 0.2%. In April, import prices increased by a revised 0.1%.

Yesterday, the oil price suddenly jumped up after a suspected attack on two tankers in the Gulf of Oman. The price of American oil increased by 2.5% to USD 52.43. A barrel of Brent oil increased by 2.8% and was traded for 61.64 USD. According to experts, the incident in the Gulf of Oman and previous incidents with tankers in the Persian Gulf last month increases the chance of disruptions in oil transport.

The 6M Euribor is unchanged at -0.26% compared to previous business day. The 10Y Swap decreased with 2 basis points to 0.26% 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.

Market Information Thursday 13 June 2019

Market Information Thursday 13 June 2019

Statistics Netherlands stated that inflation has decreased in the Netherlands in May 2019. Inflation in May amounted to 2.4%, compared to 2.9% in April 2019. Using the harmonized European measurement method (HICP), inflation fell from 3.0% in April to 2.3% in May. The decrease was partly caused by lower fuel prices and lower prices of airline tickets.

The US Treasury Department announced that the budget deficit in the United States has increased. In the first eight months of the fiscal year, which runs until October, the deficit rose to USD 739 billion. This is an increase of USD 206 billion. Government income increased by 2.3%, mainly due to the import tariffs imposed on Chinese products. However, this was offset by a 9.3% increase of government expenditure. Analysts generally expect the budget deficit to increase to USD 1,000 billion in the coming years.

Figures from the Chinese National Statistical Office show that inflation continued to rise in May 2019. Inflation in May was 2.7%, compared to 2.5% the month before. The increase was caused by higher food prices in China (caused by decreasing inventories). For example, the price of pork increased by 18% compared to a year earlier, and the price of fruit increased by an average of 27%.

The 6M Euribor is unchanged at -0.26% compared to previous business day. The 10Y Swap increased with 1 basis point to 0.28% 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.

Market Information Wednesday 12 June 2019

Market Information Wednesday 12 June 2019

The Dutch Central Bank (DNB) reports that they expect growth of the Dutch economy to decline because of the continuing trade war. DNB predicted a growth rate of 1.7% on a yearly basis for both 2019 and 2020. The revised prediction is a growth rate of 1.6% in 2019 and 1.5% in 2020.

The British Office for National Statistics reports that British unemployment remained stable on 3.8% in the period between February until April 2019. In the same period, the salaries have increased with 3.4% on a yearly basis.

Statistics Netherlands reports that in May 2019, less companies went bankrupt compared to the month before. In May 247 companies went bankrupt, in April 266 bankruptcies were filed. Most bankruptcies were filed in the hospitality industry, in percentage term.

The 6M Euribor is unchanged at -0.26% compared to previous business day. The 10Y Swap decreased with 2 basis points to 0.27% 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.

Market Information Tuesday 11 June 2019

Market Information Tuesday 11 June 2019

Data of the Japanese government has shown that the Japanese economy has increased more than expected in the first quarter of 2019. The economy has increased with 2.2% in this period. In the last quarter of 2018 the reported growth was 1.8%.

The British Office for National Statistics reports that the British export- and import volumes have reached the lowest level in years. Additionally, the British economy and British production have decreased in April on a monthly basis by 0.4% and 2.7%, respectively. In the first quarter of 2019, British producers have profited from stockpiling before the Brexit. This effect is fading away and this is mentioned as a cause of the decreasing economic figures.

The American president Trump reports that the US and Mexico have reached an agreement on the approach on illegal immigration. The deal entails that planned tariffs on Mexican goods will not go into effect. In return, Mexico will send the National Guard to the border with Guatemala.

The 6M Euribor is unchanged at -0.26% compared to previous business day. The 10Y Swap increased with 4 basis points to 0.29% 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.

Market Information Friday 7 June 2019

Market Information Friday 7 June 2019

The International Monetary Fund reports that the economy of the United States performs well despite of the ongoing trade war and increases the forecasted growth of American economy. The current growth estimation of the economy is 2.6%, a significant increase with respects to an earlier forecast 2.3% in April. Last year, the growth was 2.9% and for the year 2020 a growth of 2.0% is expected.

Statistics Netherlands stated that the average daily production from the Dutch industry was 1.2% lower in April than in the same month one year earlier, while in February, the average daily production was equal to the same month one year earlier. The production of industrial machinery contracted the most.

The US Department of Labor announced, based on definitive numbers, that labor productivity in the United States, excluding the agricultural sector, increased by 3.4% in the first quarter of 2019. Preliminary numbers estimated a growth of 3.6%, while economists expected an increase of 3.5%. In the last quarter of 2018, labor productivity rose by 1.3%. Labor cost per unit production were 1.6% lower than in the last quarter of 2018.

The 6M Euribor is unchanged at -0.25% compared to previous business day. The 10Y Swap is unchanged at 0.28% 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.