Market Information Thursday 30 March 2017

Market Information Thursday 30 March 2017

In 2016, the United States and China remained the two largest trade partners of the European Union (EU) with a combined market share of over 32.6%. The share of trade volume of both countries has been increasing for several years. Within the EU, Germany remained the single-largest importer of goods from 16 of the 28 Member States. The Netherlands is the largest importer of goods from outside the EU.

In March 2017, producer confidence in the Dutch industry has increased to 7.8. In February 2017 producer confidence was 7.0. Producers are particularly positive about expected industrial activity and increases in the number of orders. Statistics Netherlands further reported that producer prices have increased by an annualized 11.0% in February 2017 compared to February 2016.

The number of pending home sales in the United States has increased by 5.5% in February 2017 compared to January 2017. According to figures published by the American National Association of Realtors, February 2017 pending home sales were 2.4% below February 2016 levels.

The 6M Euribor remained unchanged at -0.24% compared to previous business day. The 10Y Swap decreased with 2 basis points to 0.78% 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 29 March 2017

Market Information Wednesday 29 March 2017

Tuesday, market researcher Conference Board announced that the consumer confidence in the U.S. month has grown considerably. The indicator measuring consumer confidence increased to 125.6 in March 2017, compared to 116.1 in the previous month. This is the highest level in sixteen years. Economists had expected a decrease to 114.0.

Yesterday, the U.S. Department of Commerce reported that wholesale inventories increased by 0.4% in February 2017 compared to January 2017. Economists expected inventories to increase by 0.2%. In January 2017, there was a decrease of 0.2% on a monthly basis.

Stanley Fischer, the vice president of the Federal Reserve (Fed), stated in an interview that the Fed will increase its key interest rates twice this year. Earlier this month, the Fed raised its key interest rates to a bandwidth between 0.75% and 1.00%.

The 6M Euribor remained unchanged at -0.24% compared to previous business day. The 10Y Swap decreased with 1 basis point to 0.80% 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 28 March 2017

Market information Tuesday 28 March 2017

Monday, the price of a barrel Brent oil decreased by 1.4% to around USD 50.00. The price decrease is mainly caused by an increase in oil output in the U.S. and the Gulf of Mexico, despite the OPEC agreement to stabilize oil production worldwide. Further oil reduction agreements will probably be discussed during the next OPEC meeting on the 21st of April 2017.

Yesterday, the German Ifo institute reported that its index of business confidence increased from 111.1 in February 2017 to 112.3 in March 2017. Economists expected the index to remain at the same level as in February 2017.

Yesterday, gold prices rose with 0.4% to USD 1255.70 an ounce. This is the highest level in a month

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 27 March 2017

Market information Monday 27 March 2017

In January 2017 world trade growth increased by 0.9% compared to December 2016. The growth rate was equal to the growth rate in December 2016. Trade growth in Eastern Europe and Latin America was the highest in January. While the growth rates for Japan and the United States increased as well, trade growth slightly slowed down in the Eurozone.

Initial estimates by research institute Markit show that US industrial growth has slowed down in March 2017. The manufacturing PMI decreased from 54.2 in February 2017 to 53.4 in March 2017. Economists had expected an increase to 54.8. A level over 50 indicates economic growth.

Representatives of Oman, Venezuela and Iraq support the statement of the Algerian oil minister to extend the agreement to cut the global oil production beyond June 2017. After the OPEC-agreement in Vienna, oil prices increased with 20% in the final months of 2016. Oil prices decreased however in the last couple of weeks, after the United States announced that it would increase its oil production and demand in the United States decreased. The aforementioned countries fear that oil prices will fall even further if the agreement is not extended.

The 6M Euribor remained unchanged at -0.24% compared to previous business day. The 10Y Swap decreased with 1 basis point to 0.83% 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 Friday 24 March 2017

Market Information Friday 24 March 2017

The European Commission reports that consumer confidence in the euro area increased in March 2017 compared to the previous month. The indicator increased from minus 6.2 in February 2017 to minus 5.0 in March 2017. Consumer confidence is higher than the long term average.

The US Department of Commerce reported that sales of new homes in the US increased by 6.1% in February 2017 compared to the previous month. This resulted in 592,000 homes sold on an annual basis. Economists had expected an increase of 1.6%. In January 2017, sales increased by 5.3%.

Figures from research firm GfK show that consumer confidence in Germany decreased slightly in April 2017 compared to the previous month. GfK always reports figures for the coming month. The index, reflecting consumer confidence in Europe’s largest economy, decreased from 10.0 in March 2017 to 9.8 in April 2017. Economists had expected a stable index of 10.0.

The 6M Euribor remained unchanged at -0.24% compared to previous business day. The 10Y Swap increased with 1 basis point to 0.84% 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.