Market Information Tuesday 18 June 2019

Market Information Tuesday 18 June 2019

Eurostat has announced that labour costs in the eurozone have increased by 2.4% in the first quarter of 2019 compared to the first quarter of 2018. In the last quarter of 2018, labour costs increased by 2.3%. In the European Union, labour costs increased by 2.6% in the first quarter of 2019, compared to 2.8% in the last quarter of 2018.

Figures published by Eurostat show that the job vacancy rate in the eurozone has remained stable in the first quarter of 2019 compared to the last quarter of 2018. The job vacancy rate was 2.3%. The services sector had the most job vacancies with 2.6%. In both manufacturing and construction, the vacancy rate was 2%.

The Chinese National Bureau of Statistics has announced that the housing price growth has remained stable in May 2019 compared to April 2019. Housing prices increased by 10.7% in both months.

The 6M Euribor is unchanged at -0.26% compared to previous business day. The 10Y Swap increased with 1 basis point to 0.26% 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 17 June 2019

Market Information Monday 17 June 2019

Statistics Netherlands (CBS) has published figures which show that the volume of Dutch exports increased by 1.9% in April 2019 compared to April 2018. In the first months of 2019, the growth of Dutch exports was considerably lower. The growth was partly due to higher exports of machinery and chemical products, whilst exports of electrical equipment decreased compared to last year. The volume of imports in April 2019 was approximately the same as in April 2018.

Provisional figures from the University of Michigan show that consumer confidence in the United States fell in June 2019 compared to a month earlier. The index reflecting sentiment among American consumers decreased from a level of 100.0 in May 2019 to 97.9 this month. Economists had generally expected a score of 98.

The Russian central bank lowered its key interest rate by 0.25%-point to 7.50% last Friday. The interest rate cut was generally expected by economists. It is the first interest rate decrease in a year. In a statement, the bank explained that economic growth in Russia was lower than expected in the first half of this year and that inflation has also decreased. More interest rate cuts this year are not ruled out by the Russian central bank.

The 6M Euribor is unchanged at -0.26% compared to previous business day. The 10Y Swap decreased with 1 basis point 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 Friday 14 June 2019

Market Information Friday 14 June 2019

The US government reports that import prices fell by 0.3% in May compared to April. US export prices fell by 0.2% on a monthly basis, following an adjusted plus of 0.1% a month earlier. Economists had anticipated a fall in import prices of 0.2%. In April, import prices increased by a revised 0.1%.

Yesterday, the oil price suddenly jumped up after a suspected attack on two tankers in the Gulf of Oman. The price of American oil increased by 2.5% to USD 52.43. A barrel of Brent oil increased by 2.8% and was traded for 61.64 USD. According to experts, the incident in the Gulf of Oman and previous incidents with tankers in the Persian Gulf last month increases the chance of disruptions in oil transport.

The 6M Euribor is unchanged at -0.26% compared to previous business day. The 10Y Swap decreased with 2 basis points to 0.26% 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 13 June 2019

Market Information Thursday 13 June 2019

Statistics Netherlands stated that inflation has decreased in the Netherlands in May 2019. Inflation in May amounted to 2.4%, compared to 2.9% in April 2019. Using the harmonized European measurement method (HICP), inflation fell from 3.0% in April to 2.3% in May. The decrease was partly caused by lower fuel prices and lower prices of airline tickets.

The US Treasury Department announced that the budget deficit in the United States has increased. In the first eight months of the fiscal year, which runs until October, the deficit rose to USD 739 billion. This is an increase of USD 206 billion. Government income increased by 2.3%, mainly due to the import tariffs imposed on Chinese products. However, this was offset by a 9.3% increase of government expenditure. Analysts generally expect the budget deficit to increase to USD 1,000 billion in the coming years.

Figures from the Chinese National Statistical Office show that inflation continued to rise in May 2019. Inflation in May was 2.7%, compared to 2.5% the month before. The increase was caused by higher food prices in China (caused by decreasing inventories). For example, the price of pork increased by 18% compared to a year earlier, and the price of fruit increased by an average of 27%.

The 6M Euribor is unchanged at -0.26% compared to previous business day. The 10Y Swap increased with 1 basis point to 0.28% 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 12 June 2019

Market Information Wednesday 12 June 2019

The Dutch Central Bank (DNB) reports that they expect growth of the Dutch economy to decline because of the continuing trade war. DNB predicted a growth rate of 1.7% on a yearly basis for both 2019 and 2020. The revised prediction is a growth rate of 1.6% in 2019 and 1.5% in 2020.

The British Office for National Statistics reports that British unemployment remained stable on 3.8% in the period between February until April 2019. In the same period, the salaries have increased with 3.4% on a yearly basis.

Statistics Netherlands reports that in May 2019, less companies went bankrupt compared to the month before. In May 247 companies went bankrupt, in April 266 bankruptcies were filed. Most bankruptcies were filed in the hospitality industry, in percentage term.

The 6M Euribor is unchanged at -0.26% compared to previous business day. The 10Y Swap decreased with 2 basis points to 0.27% 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.