Market Information Friday 24 February 2017

Market Information Friday 24 February 2017

Figures from Statistics Netherlands (CBS) show that the turnover of the Dutch construction industry increased by 6.3% in 2016 compared to 2015. The turnover in 2016 was still 8% below that of 2008, before the crisis. 40% of construction companies expect their revenue to increase this year, just 4% expect a decrease. Entrepreneurs increasingly experience a shortage of workers.

The German Federal Statistical Office reported on Thursday that the German economy grew by 0.4% in the fourth quarter of 2016 compared to the previous quarter. In the third quarter of 2016, Germany’s economy grew by 0.1%. The growth in the fourth quarter is in line with the expectations of economists. The German economy grew by 1.9% in 2016.

GfK reported on Thursday that consumer confidence in Germany decreased slightly. The index, which reflects the consumer confidence in the German economy, decreased from 10.2 in February 2017 to 10.0 in March. Consumer confidence is now at the lowest level in four months. Economists had forecasted a level of 10.1. According to Gfk, the dip in consumer confidence is caused by the increasing uncertainty due to the election of the new president in the United States and rising inflation.

The 6M Euribor remained unchanged at -0.24% compared to previous business day. The 10Y Swap decreased with 3 basis points to 0.71% 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. For more history of these rates or other rates feel free to ask: update@zanders.eu.

Market Information Thursday 23 February 2017

Market Information Thursday 23 February 2017

Wednesday, statistics agency Eurostat published final figures which show that the significant rise of the consumer price inflation (CPI) in the eurozone in January 2017 was driven by rising prices of fuel, oil and vegetables. In January, consumer prices in the eurozone were 1.8% higher than a year earlier. Fuel prices were on average 14.0% higher, oil was 25.0% more expensive and vegetable prices increased by 10.0% compared to the previous year. The core inflation, which does not include food and energy prices, amounted to 0.9% in January 2017 compared to January 2016.

According to real estate association NVM Business, the Dutch office market continued to strengthen in 2016. Demand for office space increased firmly while supply declined. This resulted in 16.0% of empty office space in the Netherlands at the end of 2016.

Yesterday, the German Ifo institute reported that its index of business confidence increased from 109.9 in January 2017 to 111.0 in February 2017. Economists expected a level of 109.6 in February.

The 6M Euribor remained unchanged at -0.24% compared to previous business day. The 10Y Swap decreased with 2 basis points to 0.74% 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. For more history of these rates or other rates feel free to ask: update@zanders.eu.

Market Information Wednesday 22 February 2017

Market Information Wednesday 22 February 2017

In February 2017, the eurozone purchasing managers’ index (PMI) increased by 1.6 points to a level of 56.0. The current level was last measured in April 2011, according to research institute Markit. At present levels of industrial activity, Markit expects eurozone economic growth to reach 0.6% in the first quarter of 2017 compared to the last quarter of 2016 and 2.5% for the 2017.

Contrary to the eurozone PMI, American industrial activity decreased in February 2017 to a level of 54.3. The index reached a level of 55.0 in January 2017. Economists expected an increase to 55.3. The decrease in industrial activity was mostly caused by slower growth in the American services sector.

The World Steel Association reported that worldwide production of steel in January 2017 increased by 7% compared to January 2016. Total production volume was 136.5 million metric tonnes in January. China, the world’s largest producer of steel, reported a 7.4% increase in production.

The 6M Euribor remained unchanged at -0.24% compared to previous business day. The 10Y Swap increased with 1 basis point to 0.76% 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. For more history of these rates or other rates feel free to ask: update@zanders.eu.

Market Information Tuesday 21 February, 2017

Market Information Tuesday 21 February, 2017

The European Commission stated that consumer confidence has dropped in February 2017 compared to the previous month. The index that measures consumer confidence fell from -4.8 to -6.2. The decrease is partially caused by higher inflation and political turmoil. Analysts expected a decrease from -4.8 to -4.9.

Yesterday, the European Stability Mechanism (ESM) received a partial loan repayment of EUR 2.0 billion from Greece. In 2015 Greece received a loan of EUR 5.4 billion to recapitalize their banks. The repayment follows the sale of a subsidiary of the National Bank of Greece.

Figures published by the Organization for Economic Co-operation and Development (OECD) showed a decline in economic growth in the OECD area in the fourth quarter of 2016 compared to the third quarter. The real GDP growth declined from 0.5% to 0.4%.
The 6M Euribor remained unchanged at -0.24% compared to previous business day. The 10Y Swap increased with 1 basis point to 0.75% 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. For more history of these rates or other rates feel free to ask: update@zanders.eu.

Market information Monday 20 February, 2017

Market information Monday 20 February, 2017

Statistics Netherlands stated that consumer confidence has grown in February 2017 compared to the previous month.  The index that measures consumer confidence rose with 1 point to 14, the highest level in 9 years. The slight increase is partially caused by a more positive opinion of the economy and consumers higher willingness to buy.

Destatis stated that producer prices in Germany in January 2017 have increased with 0.7% compared to the previous month. Analysts expected a price increase of 0.3%. In December 2016, producer prices increased with 0.4%.

Japanese exports increased with 1.3% in January 2017 compared to January 2016. Analysts expected an increase of 4.7%. The lower growth was party caused by decreasing exports of cars and electronic parts to the United States. The value of Japanese imports increased, mainly because of the higher oil price.

The 6M Euribor remained unchanged at -0.24% compared to previous business day. The 10Y Swap decreased with 3 basis points to 0.74% 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. For more history of these rates or other rates feel free to ask: update@zanders.eu.