Market Information Monday 23 April 2018

Market Information Monday 23 April 2018

Last Friday, the European Commission announced that consumer confidence in the Eurozone increased in April 2018, compared to March 2018. The index that measures confidence increased from 0.1 in March to 0.4 in April. Economists had expected the index to decrease to -0.1. In the European Union, confidence decreased from -0.3 to -0.8 during the same period.

In March 2018, producer prices in Germany increased by 0.1% compared to February 2018, as published by the German Federal Statistics Office. Economists expected an increase of 0.2%. In March, German producer prices increased by 1.8% on an annual basis.

According to Statistics Netherlands, investments in tangible fixed assets in the Netherlands increased by 2.3% in February 2018 compared to February 2017. The increase is mainly caused by an increase in investments in houses and cars. Based on its investment radar, Statistics Netherlands expects lower investments in April 2018 compared to February 2018.

The 6M Euribor is unchanged at -0.27% compared to previous business day. The 10Y Swap is unchanged at 1.02% 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 Friday 20 April 2018

Market Information Friday 20 April 2018

In March 2018, prospects for the United States economy have improved, as announced by research bureau Conference Board based on its index of leading indicators. The business cycle barometer increased by 0.3% in March 2018, which was in line with economists’ expectations. In February 2018, the index increased by a revised 0.7%.

In Great Britain, retail sales have decreased in March 2018. The main reason for this was the cold and snowy weather, according to the British statistics bureau. Retail sales decreased by 1.2% on a monthly basis, which is two times as strong as economists’ expectations. The sales of clothing decreased, as well as supermarket revenues. The sales of car fuel decreased by more than 7% because of snowfall. Online sales increased.

According to Statistics Netherlands (CBS) consumer confidence increased in April 2018. Also, people’s judgement on the economic climate and willingness to buy increased. Consumer confidence has reached a level of 25, which is above the average over the last twenty years of -8. The highest level ever measured was 36, in January 2000. The lowest level ever reached was -41 in March 2013. In March 2018, the level of the confidence indicator was 24.

The 6M Euribor is unchanged at -0.27% compared to previous business day. The 10Y Swap increased with 6 basis points to 1.02% 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 19 April 2018

Market Information Thursday 19 April 2018

Definitive figures published by the European Statistical Office Eurostat show that inflation in March 2018 in the Eurozone has increased to 1.3% on an annual basis. Preliminary figures showed an annual inflation rate of 1.4%. Economists did not expect an adjustment of the preliminary inflation rate. In February 2018, inflation was 1.1% on an annual basis.

On Wednesday, Eurostat published preliminary figures for construction output in the Eurozone. In February 2018, construction output in the Eurozone decreased by 0.5% compared to the previous month. In January 2018, construction output decreased by 0.8% on a monthly basis. Construction output throughout the European Union decreased by 0.8% in February 2018 compared to January 2018.

In March 2018, annual inflation in the United Kingdom was 2.5% according to figures published by the British Office for National Statistics. This is a decrease compared to February 2018, when the inflation rate was 2.7% on an annual basis. Analysts do not expect the decreasing inflation rate to influence anticipated interest rate decisions by the Bank of England.

The 6M Euribor is unchanged at -0.27% compared to previous business day. The 10Y Swap increased with 1 basis point to 0.96% 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 18 April 2018

Market Information Wednesday 18 April 2018

The Federal Reserve (Fed) released the Industrial Production and Capacity Utilization report yesterday. The Fed reports that industrial production in the United States has increased by 0.5% in March 2018 compared to February 2018. Economists forecasted an increase of 0.1% for the same period. Additionally, the previously reported growth in January 2018 has been revised to a growth of 1.0%.

In March 2018, the number of houses taken into construction in the United States has increased by 1.9% compared to February 2018, as was announced by the US Department of Commerce. The seasonally adjusted estimate of housing construction starts amounted to a number of 1.32 million houses on an annual basis. Economists expected an increase of 2.5%.

Figures published by German research agency ZEW show that German investors and analysts have less confidence in the German economy. The ZEW-index, which measures confidence in the German economy for the next three to six months, decreased from 5.1 in March 2018 to minus 8.1 in April 2018. Analysts expected a decrease to minus 1.0.

The 6M Euribor is unchanged at -0.27% compared to previous business day. The 10Y Swap decreased with 2 basis points to 0.95% 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 17 April 2018

Market Information Tuesday 17 April 2018

The Chinese government announced that the Chinese economy grew by 6.8% in the first quarter of 2018, compared to the first quarter of 2017. Economists had expected a growth of 6.7%. Annual economic growth was equal to the fourth quarter of 2017.

According to the US Commerce department, consumers in the United States spent more on retail in March 2018 compared to February 2018. In March 2018, retail sales increased by 0.6%, whereas economists expected an increase of 0.4%. The month before, retail sales decreased by 0.1%.

As announced by the New York Federal Reserve Bank, industrial activity in and around New York City is growing at a reduced pace in April 2018 compared to March 2018. The Empire State-index, reflecting the industrial activity, reached a level of 15.8 in April against a level of 22.5 in March. Economists expected a level of 18.6 for April.

The 6M Euribor is unchanged at -0.27% compared to previous business day. The 10Y Swap increased with 2 basis points to 0.97% 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.