Market Information Tuesday 20 August 2019

Market Information Tuesday 20 August 2019

Final figures from Eurostat show that inflation in the Eurozone in July decreased to 1% annually, compared to 1.3% in June. In the entire European Union, inflation decreased to 1,4% annually compared to 1.6% in June.

The Dutch State Treasury Agency (DSTA) reports that the Dutch state has collected EUR 1.5 billion with the reopening of a short-term bond. The state intended to raise between EUR 1 billion and EUR 2 billion. The bond yields -0.66%.

The German central bank warns in a monthly report for a possible recession in Germany in the third quarter of 2019. A recession occurs when the economy shrinks for two consecutive quarters. After a reported 0.1% decrease of the German GDP in the second quarter, the German central bank predicts that GDP could continue to ‘fall slightly’.

The 6M Euribor decreased with 2 basis points to -0.43% compared to previous business day. The 10Y Swap increased with 8 basis points to -0.25% 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.

Market Information Monday 19 August 2019

Market Information Monday 19 August 2019

Preliminary figures published by Eurostat show that Eurozone exports to the rest of the world fell by 4.3% in June 2019 compared to June 2018. In June 2019, the value of exports amounted to EUR 199.3 billion. Imports also declined by 4.1% to EUR 176.6 billion. The global trade tensions and current economic conditions are cited as the main reason for the decline.

Credit rating agency Fitch has further reduced Argentina’s creditworthiness from B to CCC. According to Fitch, bankruptcy of the country is a realistic possibility. Last week the value of the Argentine Peso plummeted, after the current Argentine president Mauricio Macri suffered a major defeat in a preliminary round of the presidential election. The left-populist Alberto Fernández won this preliminary round. Because of these developments, economists have doubts whether Argentina will eventually be able to pay off its debts.

The Japanese National Statistical Office has announced that Japanese exports fell in July 2019 for the eighth month in a row. The total value of exports decreased by 1.6%. Global trade tensions caused exports to China to fall significantly; these decreased by 9.3% compared to a year ago. The largest decrease was observed for manufacturers of car parts and computer chips.

The 6M Euribor is unchanged at -0.41% compared to previous business day. The 10Y Swap is unchanged at -0.33% 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.

Market Information Friday 16 August 2019

Market Information Friday 16 August 2019

The Federal Reserve announced that industrial production in the US decreased by 0.2% in July compared to one month earlier while economists expected an increase of 0.1%. In June, production rose by 0.2% compared to the previous month, according to the revised estimate. The capacity utilisation rate was 77.5% in June.

The US Department of Labor announced that labor productivity in the United States, excluding the agricultural sector, increased by 2.3% in the first quarter of 2019. Economists expected an increase of 1.4%. In the first quarter of this year, labor productivity rose by 2.4%.

The American department of labour states that the amount of initial jobless claims has increased to 220,000. This is an increase of 9,000 claims with respect to last week, in which the amount was 211,000. Economists expected an increase of 1,000 requests.

The 6M Euribor decreased with 1 basis point to -0.41% compared to previous business day. The 10Y Swap decreased with 11 basis points to -0.33% 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.

Market Information Thursday 15 August 2019

Market Information Thursday 15 August 2019

Eurostat stated that the economy of the eurozone has grown by 0.2% in the second quarter of 2019 compared to the first quarter, in line with economists’ expectations. On a year-on-year basis, economic growth was 1.1%. Economic growth in the European Union was 0.2% on a quarter-on-quarter basis and 1.3% on a year-on-year basis.

Figures from Eurostat show that industrial production in the eurozone has decreased by 1.6% in June 2019 compared to May. Economists expected a decrease of 1.5%. In May, industrial production increased by 0.8%. Industrial production in the European Union decreased by 1.5%, compared to a growth of 0.9% in the previous month.

Statistics Netherlands (CBS) stated that the Dutch economy grew by 0.5% in the second quarter of 2019 compared to the first quarter. Among others, drivers of growth were increased investment and consumer expenditures. On a year-on-year basis, economic growth was 1.8%, compared to 1.7% in the first quarter. In addition, the CBS reported that exports were 1.6% higher in June 2019 than the year before, while imports were 3.2% higher.

The German federal statistics bureau stated that the German economy shrunk by 0.1% in the second quarter of 2019 on a quarterly basis, compared to a growth of 0.4% in the first quarter. This is in line with economists’ expectations. On a year-on-year basis, the size of the German economy remained the same, compared to a growth of 0.6% in the first quarter.

The 6M Euribor is unchanged at -0.40% compared to previous business day. The 10Y Swap decreased with 7 basis points to -0.22% 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.

Market Information Wednesday 14 August 2019

Market Information Wednesday 14 August 2019

According to figures published by the Chinese National Statistical Office, the industrial production in China increased at a lower rate in July compared to June. The production increased by 4.8% on an annual basis, compared to an increase of 6.3% in June. This growth rate fell to its lowest level since 2002.

The German Federal Statistical Office reports that the inflation in Germany in July was 1.7% on an annual basis, compared to 1.6% previous month. This slight increase is in line with the expectations of economists.

Yesterday, the European Commission applied temporary import charges on biodiesel from Indonesia. Research has shown that the Indonesian government supports biodiesel producers with tax benefits and subsidies. These import charges range from 8% to 18% and are intended to protect the European internal market against unfair competition.

The 6M Euribor is unchanged at -0.40% compared to previous business day. The 10Y Swap decreased with 2 basis points to -0.15% 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.