Market Information Friday 18 August 2017

Market Information Friday 18 August 2017

Thursday, the European statistics agency Eurostat reported that the annual inflation rate in the Euro area remained stable in July 2017. Similar to June the annual inflation rate was 1.3%. In the European Union, annual inflation was 1.5% in July 2017.

Furthermore Eurostat concludes that the trade surplus of the euro countries compared to the rest of the world decreased to EUR 26.6 billion in June 2017, compared to EUR 28.9 billion in June 2016. In the European Union, the trade surplus was EUR 7.1 billion in June 2017 compared to EUR 6.7 billion a year earlier.

Yesterday, the Japanese government reported that exports increased with 13.4% in July 2017 compared to July 2016. Analysts expected an increase of 14.0%. The high growth rate was mainly caused by increased exports of cars. The value of Japanese imports increased with 16.6% compared to last year. Japan’s trade balance for July was a surplus of JPY 418.8 billion.

The 6M Euribor remained unchanged at -0.27% compared to previous business day. The 10Y Swap decreased with 2 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 Thursday 17 August 2017

Market Information Thursday 17 August 2017

Figures published by Statistics Netherlands show that the Dutch economy grew by 1.5% in the second quarter of 2017, compared to the first quarter of 2017. Analysts expected a quarterly growth between 0.5% and 0.7%. The growth was for a large part caused by the consumption of households and the export. The growth of the economy compared to the second quarter of 2016 was 3.3%.

Furthermore, Statistics Netherlands reports that the volume of exports in the Netherlands increased by 11% in June 2017, compared to June 2016. This is the highest increase of exports since December 2010. The increase was for a large part caused by the export of (electro technical) machines, devices and chemical products.

Figures of the British Office for National Statistics show that the unemployment rate in Great-Britain decreased to the lowest value in more than forty years. The unemployment rate fell to 4.4% in the period between April 2017 and June 2017. In the period between March 2017 and May 2017 the unemployment rate was 4.5%.

The 6M Euribor remained unchanged at -0.27% compared to previous business day. The 10Y Swap increased with 1 basis point to 0.86% 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 16 August 2017

Market Information Wednesday 16 August 2017

The German Constitutional Court in Karlsruhe questions whether the quantitative-easing program of the European Central Bank’s monetary policy falls within the central bank’s mandate. The ECB stimulates the economy of the Eurozone by a quantitative-easing program of EUR 60 billion each month. The German Court has referred the case to the European Court of Justice in Luxembourg.

Figures from the ministry of Trade in the United States show that retail sales in the United States increased by 0.6% in July 2017 compared to June 2017, whereas economists had expected an increase of 0.3%. In June 2017, retail sales increased by 0.3%, compared to May 2017.

Figures published by the United States Bureau of Labor Statistics show that import prices slightly increased in July 2017. Import prices increased by 0.1% on a monthly basis compared to a decrease of 0.2% on a monthly basis in June 2017, in line with expectations of economists. Furthermore, export prices increased in July 2017 by 0.4% compared to the previous month.

The 6M Euribor remained unchanged at -0.27% compared to previous business day. The 10Y Swap increased with 1 basis point to 0.85% 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 15 August 2017

Market Information Tuesday 15 August 2017

The US Department of Labor announced that the CPI inflation in the United States increased by 1.7% in July 2017 compared to July 2016. Analysts expected consumer prices to increase with 1.8%. The index less food and energy prices also increased by 1.7% compared to July 2016. Compared to June 2017, consumer prices increased by 0.1%.

Destatis published preliminary figures that show that the German economy grew with 0.6% in the second quarter of 2017 compared to the first quarter of 2017. Year on year, economic growth in the second quarter of 2017 was 2.1%, which is the strongest rate in 3 years. Destatis stated that the economic growth was partly caused by rising domestic demand and investments. German exports however fell in the second quarter of 2017.

The National Bureau of Statistics of China announced that industrial production in China increased by 6.4% in July 2017 compared to July 2016. Economists expected industrial production to increase by 7.1% compared to the previous year, after an annualized industrial production growth rate of 7.6% was reported for June 2017.

The 6M Euribor remained unchanged at -0.27% compared to previous business day. The 10Y Swap increased 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: update@zanders.eu.

Market Information Monday 14 August 2017

Market Information Monday 14 August 2017

In June 2017, the turnover of the Dutch retail sector increased by 4.3% compared to June 2016. Figures published by Statistics Netherlands further show that the sales volume increased by 3.7% in the same period. Turnover of online stores increased by 19.5% compared to the same month last year.

On Friday, the German federal statistics agency Destatis published final inflation numbers in line with preliminary estimates. The German inflation rate was 1.7% in July 2017 compared to July 2016. The inflation rate in Germany has increased in the past two months.

In the second quarter of 2017, the Japanese economy grew by an annualized 4.0%. Both domestic consumption and business spending contributed to the increase in gross domestic product. The economy of Japan grew for the sixth quarter in a row, extending the longest economic expansion in more than a decade.

The 6M Euribor remained unchanged at -0.27% compared to previous business day. The 10Y Swap decreased with 2 basis points to 0.81% 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.