Market Information Friday 23 June 2017

Market Information Friday 23 June 2017

In the first quarter of 2017, the debt-to-GDP ratio of the Netherlands has decreased to 59.6%, dropping below the European Union limit of 60% for the first time in six years. Statistics Netherlands (CBS) reports that the decrease of the debt level is primarily the result of a budget surplus and proceeds from the sale of financial assets. Moreover, the gross domestic product of the Netherlands increased, further decreasing the debt-to-GDP ratio.

New estimates by CBS show that economic growth in the first quarter of 2017 remained stable at 0.4% compared to the last quarter of 2016. Increased investments in particular contributed to the economic expansion of the Netherlands.

In May 2017, the Conference Board Leading Economic Index (LEI) for the United States has increased by 0.3% compared to April 2017, to a level of 127. According to the Conference Board this indicates that economic growth prospects of the US economy remain at or above the long-term average of 2.0%. The increase was wide-ranging in almost all indicators, except for housing permits, which declined.

The 6M Euribor remained unchanged at -0.27% compared to previous business day. The 10Y Swap decreased with 1 basis point to 0.72% 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 22 June 2017

Market Information Thursday 22 June 2017

Yesterday, Statistics Netherlands (CBS) reported that consumer confidence remained unchanged in June 2017 compared to May 2017. The confidence index remained at a level of 23. The index is above the average over the last twenty years of -3.

Wednesday, the American agency of Realtors announced that sales of existing homes in the U.S. increased by 1.1% in May 2017 compared with the month before. Economists expected a decrease of 0.4%. This implies that the sales of existing homes increase to a pace of 5.62 million on a yearly basis.

According to Statistics Netherlands (CBS) house prices were 7.8% higher in May 2017 compared with the previous year. In comparison to the prices on the housing market in June 2013, house prices have increased on average 18.0% in the Netherlands.

The 6M Euribor remained unchanged at -0.27% compared to previous business day. The 10Y Swap decreased with 1 basis point to 0.73% 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 21 June 2017

Market Information Wednesday 21 June 2017

Monday the Dutch government issued T-bills for a total amount of EUR 2.6 billion, with the maturities 31 August 2017 and 31 November 2017. Yields on the T-bills are -/- 0.63% and -/- 0.638% respectively. The government aimed to issue an amount between EUR 1 billion and EUR 2 billion for each tranche.

Yesterday, the German federal statistics agency published figures on German producer prices for May 2017. Prices have decreased by 0.2% on a monthly basis compared to an increase of 0.4% in April 2017. Economist had expected a slight decrease in producer prices of 0.1% in May 2017.

The World Steel Association reports that worldwide production of steel has increased by 2% in May 2017 compared to May 2016. Total production of steel in May 2017 was 143.3 million tonnes. China, responsible for over half of the steel production, reported an increase of 1.8% versus April 2016. The steel production increased in Turkey, France and Brazil, while the production decreased in Germany, Italy and Spain.

The 6M Euribor remained unchanged at -0.27% 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 Tuesday 20 June 2017

Market Information Tuesday 20 June 2017

Yesterday, officials gathered in Brussel to start the Brexit negotiations. The UK and the EU discussed the structure and timetable of the negotiations. The coming months negotiations will mainly focus on citizens’ rights and the separation process. In November the future relation between the EU and the UK will be discussed, if sufficient progress has been made.

Preliminary figures published by the European Statistical Office Eurostat show that construction output in the eurozone increased by 0.3 % in April 2017 compared to the previous month. In March 2017, construction output decreased by 1.1% compared to February 2017. Construction output throughout the European Union remained stable in April 2017.

Figures of Dutch cadaster show an increase in home sales of almost 25% in May 2017, compared to May 2016. In May 2017 19,990 homes were sold in the Netherlands. Compared to April 2017 this is an increase of almost 20%. Semidetached homes showed the largest increase in sales.

The 6M Euribor remained unchanged at -0.27% 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 Monday 19 June 2017

Market Information Monday 19 June 2017

Eurostat announced that consumer price inflation (CPI) in the Eurozone fell from 1.9% on an annual basis in April 2017 to 1.4% in May 2017. The lowest inflation rate was measured in Ireland, Denmark and the Netherlands. With the decrease, inflation moved further away from the target inflation of the ECB of 2%. A policy interest rate hike of the ECB next month is therefore considered to be unlikely, according to analysts.

Figures published on Friday by the University of Michigan indicate that consumer confidence in the United States has decreased in June 2017. The index decreased from 97.1 in May 2017 to 94.5 in June 2017. Economists had expected a level of 97.0.

On Friday, the Bank of Japan (BoJ) decided to keep its benchmark interest rates unchanged between -0.10% and 0.00%. The Japanese asset purchasing program also remains at its current level. Furthermore, the BoJ indicated that the economy of Japan is continuing its recovery, in part as a result of increased consumer spending.

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