Market Information Friday 14 December 2018

Market Information Friday 14 December 2018

Definitive figures published by the German statistics agency Destatis show that German inflation has decreased in November 2018. The inflation rate was 2.3% in November on a year on year basis, compared to 2.5% in October. On a monthly basis, prices rose by 0.1%. Based on the European harmonised method, the inflation rate was 2.2% on a year on year basis and 0.1% compared to the previous month. Prices in France increased by 1.9% on a year on year basis, compared to 2.2% in the previous month.

The ECB will discontinue the quantitative easing program. The ECB had announced multiple times that it will end the program in December 2018. Furthermore, the bank confirmed it will keep interest rates at their current levels until at least after the summer of 2019. The refinance rate remains at 0% and the deposit rate at -0.4%.

Yesterday, the United States Department of Labor announced that the amount of first requests for unemployment benefits has decreased. In week 50, 206,000 requests were filed., compared to 233,000 in the previous week. Economists expected 226,000 requests.

The 6M Euribor is unchanged at -0.24% compared to previous business day. The 10Y Swap decreased with 1 basis point to 0.88% 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 December 2018

Market Information Thursday 13 December 2018

This morning, Statistics Netherlands (CBS) reported that exports increased with 5.1% in October 2018 compared to October 2017. In October, higher exports were mainly driven by transport equipment, metal products, machines and equipment. According to Statistics Netherlands, the conditions for export in December are more favorable than they were in October.

Figures from the US government show that inflation in the United States in November 2018 fell to 2.2% on an annual basis. Inflation in October 2018 was a revised 2.5%. The decrease was mainly caused by lower energy prices. Core inflation rose slightly to 2.1% on an annual basis in November, compared to 2.0% in October.

Eurostat reported that the industrial production in the eurozone increased by 0.2% in October 2018 compared to the previous month. This was in line with the expectations of economists. In September 2018, production fell by a revised 0.6%. Earlier, Eurostat reported a decrease in production of 0.3% for September. The Industrial production figure was the same for the European Union.

The 6M Euribor increased with 1 basis point to -0.24% compared to previous business day. The 10Y Swap increased with 3 basis points to 0.89% 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 December 2018

Market Information Wednesday 12 December 2018

According to Statistics Netherlands, the number of bankruptcies increased by to 263 in November 2018. Compared with October 2018, the number of bankruptcies increased by 13 companies. In September, the lowest level in bankruptcies since 2000 was recorded.

Figures published by the US government show that producer prices in the United States increased by 0.1% in November 2018 compared to October 2018. Economists expected prices to stabilize during this period. In October, prices charged by US manufacturers increased by 0.6% compared to the previous month.

The British Office for National Statistics has announced that unemployment in the Great-Britain remained stable from August 2018 until October 2018. The unemployment rate was 4.1% during this period, Besides, during this period wages excluding bonuses increased by 3.3% on a yearly basis.

The 6M Euribor is unchanged at -0.25% compared to previous business day. The 10Y Swap is unchanged at 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.

Market Information Tuesday 11 December 2018

Market Information Tuesday 11 December 2018

According to the British bureau of statistics, production of the British industry decreased by 0.6% in October 2018 compared to September 2018. Economists expected an increase of 0.1%. The decrease is mainly due to a decline in production in the manufacturing sector and the construction sector.

According to the German Federal Statistical Office Destatis, German exports increased in October 2018. Exports increased by 0.7% compared to September 2018. Economists expected an increase of 0.4%. Imports decreased by 1.3% during the same period, following a decline of 0.4% in September 2018.

Figures published yesterday by Statistics Netherlands show an increase in the average daily industrial output in the Netherlands. In October 2018 the average daily output of the Dutch industrial sector was 3.4% higher than in October 2017. In October 2018, the output of the transportation industry increased the most, with close to 10% compared to October 2017. The average daily industrial output increase by 0.4% in October 2018 on a monthly basis, whereas in September 2018 industrial output decreased with 0,2% on a monthly basis.

The 6M Euribor is unchanged at -0.25% 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.

Market Information Monday 10 December 2018

Market Information Monday 10 December 2018

According to figures published by the United States Labour Department, job growth has decreased in November 2018 compared to October 2018. Excluding agriculture, an increase of 155,000 jobs was reported. Economists expected an increase of 198,000. The job growth measured for October 2018 has been revised downwards to 237,000 from an earlier figure of 250,000. The unemployment rate remained stable at 3.8%, the lowest level in 48 years.

The Organization of the Petroleum Exporting Countries (OPEC) has come to an agreement concerning a reduction in oil production. Oil production will be decreased by 1.2 million barrels per day. This reduction is larger than the expected reduction of one million barrels. In addition, Iran was excluded from the meetings, since Iranian oil production has already been diminished by sanctions from the United States.

Eurostat announced Friday that based on definitive figures, the European economy has grown by 0.2% in the third quarter of 2018 compared to the second quarter. In the second quarter, the economy grew by 0.4%. On a year on year basis, a growth rate of 1.8% was measured for the European Union and 1.6% for the eurozone.

The 6M Euribor is unchanged at -0.25% compared to previous business day. The 10Y Swap is unchanged at 0.85% compared to previous business day.