Market Information Wednesday 18 October 2017

Market Information Wednesday 18 October 2017

Figures published by the German research agency ZEW show that German investors and analysts have more confidence in the German economy. The ZEW-index, which measures confidence in the German economy for the next three to six months, increased from 17.0 in September 2017 to 17.6 in October 2017. Analysts expected an increase to 20.0.

According to new Eurostat estimates, the inflation rate in the Eurozone has stabilized in September 2017 at 1.5% on an annual basis. The new estimate is in line with previous estimates and analyst expectations. The inflation rate of the European Union increased from 1.7% in August to 1.8% in September 2017 on an annual basis.

The Spanish government has lowered its growth expectations of the Spanish economy for 2018. According to recent estimates, the Spanish economy is expected to grow with 2.3% instead of 2.6%. The Spanish government names political turmoil in Catalonia and a slowdown of global economic growth as main drivers for the lower growth expectation.

The 6M Euribor remained unchanged at -0.27% 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: marktinformatie@zanders.eu.

Market Information Tuesday 17 October 2017

Market Information Tuesday 17 October 2017

Yesterday, the Chinese government reported that producer prices in China increased by 6.9% in September 2017 compared to August 2016, particularly in the mining industry. Consumer prices increased by 1.6% in September 2017, after an increase of 1.8% in August 2017.

According to a preliminary estimate of Eurostat, exports in the Eurozone to countries outside the currency union rose by almost 7% in August 2017, compared to August 2016, to a value of EUR 171.5 billion. Imports increased by 8.6% to EUR 155.4 billion. The trade surplus amounted to EUR 16.1 billion.

Figures published by the Federal Reserve Bank of New York show that industrial activity in the state New York grew strongly this month. The Empire State Index, which reflects industrial activity is 30.2 in October 2017, against 24.4 in September 2017. A level above 0 indicates improving conditions.

The 6M Euribor remained unchanged at -0.27% compared to previous business day. The 10Y Swap decreased with 3 basis points 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: marktinformatie@zanders.eu.

Market Information Monday 16 October 2017

Market Information Monday 16 October 2017

Final figures published by the German federal statistics agency, Destatis, show that German inflation in September 2017 stabilized at 1.8% compared to September 2016. In August, the annual inflation rate was also 1.8%. The price of food increased with 3.6% on an annual basis. Moreover, energy prices continued to increase and were 2.0% higher from September 2016.

In September 2017, inflation in the United States increased to 2.2% compared to September 2016. In August 2017, prices increased with 1.7% on an annual basis. The increase of the inflation rate is primarily the result of increased gasoline prices, which were up 13.1% compared to August 2017. The US core inflation rate, which excludes energy prices, was stable in September 2017 at 1.7% on an annual basis.

The US Department of Commerce announced on Friday that business inventories in the United States increased with 0.7% in August 2017 compared to July 2017 to a level of USD 1,889 billion. In July 2017, business inventories increased with 0.3% compared to the previous month.

The 6M Euribor remained unchanged at -0.27% compared to previous business day. The 10Y Swap decreased with 2 basis points to 0.87% 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: marktinformatie@zanders.eu.

Market Information Friday 13 October 2017

Market Information Friday 13 October 2017

The revenue of the retail industry increased by 4.4% in August 2017 compared to August 2016. This news was published by Statistics Netherlands. The sales volume increased by 3.0% for August 2017 compared to August 2016. It is the eighth month in a row in which both the revenue and the volume of the non-food industry grew.

In September 2017, the producer prices in the US have increased by 0.4% compared to August 2017, which is a conclusion based on the figures from the US government. The increase in prices set by the American manufacturers is conform the average expectations of economists. In August 2017, producer prices increased by 0.2%.

The European statistics bureau Eurostat has published the news that industrial production in the Eurozone has increased by 1.4% in August 2017 compared to July 2017. Economists were expecting an increase in production of 0.6% on a monthly basis on average. In July 2017, production increased by 0.1%. For the European Union as a whole, production increased with 1.7% in August 2017.

The 6M Euribor remained unchanged at -0.27% compared to previous business day. The 10Y Swap decreased with 2 basis points to 0.89% 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: marktinformatie@zanders.eu.

Market Information Thursday 12 October 2017

Market Information Thursday 12 October 2017

Figures published by the European Statistical Office Eurostat show that house prices in the Eurozone in the second quarter of 2017 increased by 3.8% compared to the second quarter of 2016. The increase compared to the first quarter of 2017 was 1.5%. House prices in the European Union increased in the second quarter of 2017 on average by 4.4% compared to previous year.

The German Ministry of Economic Affairs adjusted the expected economic growth in 2017 to 2.0%, compared to a previous expectation of 1.5%. According to the Ministry, the additional growth is mainly caused by an increase of consumer expenditure and investments.

Dutch exports increased by more than 7% in August 2017 compared to August 2016, according to Statistics Netherlands (CBS). Especially exports of cars, chemical products and machines and devices increased in August. Furthermore, imports in the Netherlands increased by almost 8% compared to previous year.

The 6M Euribor remained unchanged at -0.27% compared to previous business day. The 10Y Swap increased with 2 basis points to 0.91% 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: marktinformatie@zanders.eu.