Market Information Wednesday 28 February 2018

Market Information Wednesday 28 February 2018

Yesterday, the European Commission reported that economic confidence in the eurozone has decreased in February 2018 compared to January 2018. The index, which measures confidence in the economy, decreased from a revised 114.9 in January 2018 to 114.1 in February 2018. Economists expected a level of 114.

Market researcher Conference Board stated Tuesday that consumer confidence in the United States has increased in February 2018 compared to January 2018. The Consumer Confidence Index rose to 130.8, compared to a revised 124.3 in the previous month. Economists expected a value of 126.5.

Preliminary figures from the German Federal Statistical Office show that German inflation decreased in February 2018. The inflation decreased to 1.4% year-on-year in February 2018 compared to 1.6% a month earlier. Economists had forecast an inflation rate of 1.5%.

The 6M Euribor remained unchanged at -0.27% compared to previous business day. The 10Y Swap increased with 1 basis point to 1.10% 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 27 February 2018

Market Information Tuesday 27 February 2018

Statistics Netherlands reported this morning that producer confidence in the Netherlands has reached record heights in February 2018. Producer confidence increased from 10.3 in January to 10.9 in February, above the long-term average confidence level of 0.7. De different sub-indicators of the index have been positive for over a year.

In January 2018, the worldwide production of steel increased with 0.8% compared to January 2017 to a level of 139.4 million tons. The production of China, the largest producer of steel in the world, decreased with 0.9% in January 2018 to 67 million tons. The US government is discussing ways to increase its share in the worldwide production of steel, including tariffs on Chinese steel.

Stock markets in Asia recorded profits on the first days of trading this week. On Monday, Asian stock exchanges closed higher compared to Friday and on Tuesday, the Nikkei index closed 1.1% higher than on Monday. According to analysts, the fear of inflation, which influenced investors earlier this month, is decreasing. Inflation is one of the most-important indicators for central bank policy makers. Today the new Federal Reserve (Fed) chair Jerome Powell is scheduled to testify before Congress on the state of the US economy. Analysts expect Powell to continue his predecessor’s policy agenda and therefore anticipate three Federal Funds Rate hikes in 2018.

The 6M Euribor remained unchanged at -0.27% compared to previous business day. The 10Y Swap remained unchanged at 1.09% 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 26 February 2018

Market Information Monday 26 February 2018

Eurozone inflation decreased from 1.4% on an annual basis in December 2017 to 1.3% on an annual basis in January 2018. The services sector (0.56%) and food, alcohol and tobacco (0.39%) registered the highest contribution to the annual Eurozone inflation rate. Compared to December 2017, inflation decreased in 21 member states, increased in six countries, and was stable in one country, Lithuania.

In December 2017 the volume of world trade increased with 0.3% compared to November 2017, according to figures published by CPB Netherlands Bureau for Economic Policy Analysis. World trade increased with 4.5% in 2017 compared to 2016, marking an exceptional year, CPB writes in the latest edition of its World Trade Monitor. Industrial production increased with 3.5% in 2017 compared to 2016.

Compared to 2016, the German economy grew with 2.3% in 2017. Destatis figures further show that fourth-quarter economic growth was 0.6% compared to the previous quarter. In 2017, the German government recorded a current account surplus of EUR 36.6 billion, or 1.1% of its gross domestic product.

The 6M Euribor remained unchanged at -0.27% compared to previous business day. The 10Y Swap decreased with 4 basis points to 1.09% 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 23 February 2018

Market Information Friday 23 February 2018

In the fourth quarter of 2017, the British economy grew at a lower pace than expected earlier. According to the numbers of the British statistics bureau, the growth rate amounted to 0.4% compared to the third quarter of 2017, against an earlier estimate of 0.5%. For 2017 as a whole, economic growth was 1.7%.

In February 2018, confidence of entrepreneurs in the German economy decreased compared to January 2018, as announced by research institute Ifo. The confidence index, measuring the expectations in economic development for the coming three to six months, reached a level of 115.4, against a record level of 117.6 in December 2017. This is the lowest level in five months. Economists expected a level of 117.0.

The United States ministry of Labor has announced that the total number of first requests for unemployment benefits in the US has decreased by 7,000 to 222,000 in calendar week 7. Economists expected a number of 230,000 requests. The number of requests for calendar week 6 was adjusted to 229,000 requests.

The 6M Euribor remained unchanged at -0.27% compared to previous business day. The 10Y Swap remained unchanged at 1.13% 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 February 2018

Market Information Thursday 22 February 2018

According to market researcher Markit, business activity in the service sector in the Eurozone has declined in January. The Purchasing Managers Index (PMI), which reflects service activities, fell from 59.6 in January to 58.5 in February. Economists forecasted a smaller decline to a level of 59.2 in February. An index level of 50 or higher indicates a growth in the business activity in the service sector.

Contrary to the changes in the PMI for the Eurozone, in the United States the business activity in the service sector has increased from January to February. Markit published figures that state that the PMI for the United States has increased from 55.5 in January to a level of 55.9 in February. Economists forecasted that business activity would remain stable in February.

Figures of the British Office for National Statistics (ONS) show that the unemployment rate in Great-Britain increased in the last three months of 2017. The unemployment rate rose to 4.4% in the period from October 2017 up to and including December 2017. Furthermore, the ONS reported an increase in the average weekly pay by 2.5%.

The 6M Euribor remained unchanged at -0.27% compared to previous business day. The 10Y Swap decreased with 2 basis points to 1.13% 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 February 2018

Market Information Wednesday 21 February 2018

Preliminary figures of the European Commission show that consumer confidence in the eurozone has decreased in February 2018 compared to January 2018. The index decreased from a revised 1.4 in January 2018 to 0.1 in February 2018. Economists expected a value of 1.0 in February 2018. In the European Union, consumer confidence decreased from 0.4 last month to -0.3 in February 2018.

In January 2018, producer prices in Germany increased by 0.5% compared to December 2017, as published by the German Federal Statistical Office. Economists expected an increase of 0.3%. In December 2017, producer prices increased by 0.2% compared to November 2017.

According to figures published by research institute ZEW, German analysts’ confidence in the economy has decreased in February 2018 compared to January 2018. The ZEW-index, which measures confidence for the upcoming three to six months, was 17.8, compared to 20.4 the previous month. Economists expected a value of 16.0.

The 6M Euribor remained unchanged at -0.27% compared to previous business day. The 10Y Swap remained unchanged at 1.15% 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. For more history of these rates or other rates feel free to ask: update@zanders.eu

Market Information Tuesday 20 February 2018

Market Information Tuesday 20 February 2018

Figures published by the European Statistical Office Eurostat show that output of the construction industry in the Eurozone increased by 0.1% in December 2017 compared to November 2017. The increase follows an increase of construction output of 0.2% in November 2017. Construction output in the European Union increased by 0.6% in December 2017 compared to November 2017, the monthly increase in November was 0.5%.

According to the German Federal Statistical Office, producer prices in Germany increased by 0.5% in January compared to December 2017. Economists expected an increase of 0.3%. Compared to January 2017, producer prices increased by 2.1% compared to an increase of 1.8% forecasted by economists.

Yesterday the American stock exchanges were closed due to President’s Day.

The 6M Euribor increased with 1 basis point to -0.27% compared to previous business day. The 10Y Swap increased with 2 basis points to 1.15% 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. For more history of these rates or other rates feel free to ask: update@zanders.eu

Market Information Monday 19 February 2018

Market Information Monday 19 February 2018

According to the British Office for National Statistics, consumers in Great Britain spent slightly more in shops and online in January 2018 compared to December 2017. In January 2018, retail sales increased by 0.1% on a monthly basis. The increase was lower than expected by economists. Compared to January 2017, retail sales increased by 1.6%. This is the lowest annual increase in retail sales in four years and lower than expected by economists.

In February 2018, U.S. consumer confidence has increased. The preliminary consumer confidence index of the University of Michigan increased from 95.7 in January 2018 to 99.9 in February 2018. Economists expected a decrease to 95.4.

Figures published by the American government show that the increase in import prices in the United States exceeds the increase in export prices. In January 2018, import prices in the United States have increased by 1.0% in comparison to December 2017. Economists expected an increase of import prices by 0.6%. Over the same period, export prices of the Unites States increased by 0.8% on a monthly basis.

The 6M Euribor remained unchanged at -0.28% compared to previous business day. The 10Y Swap decreased with 4 basis points to 1.13% 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 16 February 2018

Market Information Friday 16 February 2018

In 2017, the export of goods from euro countries to the rest of the world has increased with 7.0% to a value of almost 2,193 billion euro, as announced by the European bureau of statistics Eurostat. The imports of the nineteen Eurozone countries reached a value of almost 1,955 billion euro, an increase of 9.7% compared to 2016. For the whole European Union consisting of 28 countries, the export of goods increased by 7.7%.

In the fourth quarter of 2017, unemployment in France decreased from 9.6% in the third quarter of 2017 to 8.9%, which can be concluded based on numbers of the French bureau of statistics. It is the first time since 2009 that unemployment reached a level below 9.0%. Economists expected an unemployment rate of 9.5%.

According to the United States government, producer prices in the US have increased by 0.4% in January 2018, compared to December 2017. This increase was in line with economists’ expectations. In December 2017, producer prices did not change.

The 6M Euribor remained unchanged at -0.28% compared to previous business day. The 10Y Swap increased with 1 basis point to 1.17% 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 15 February 2018

Market Information Thursday 15 February 2018

The European bureau of statistics Eurostat reported that the Eurozone economy experienced a growth of 0.6% from the third to the fourth quarter of 2017. This economic growth concurs with Eurostat’s previous forecasts. The economic growth from the second to the third quarter of 2017 was slightly higher at 0.7%. Compared to the fourth quarter of 2016, the Eurozone economy has grown by 2.7%. Furthermore, Eurostat reports that for both Eurozone and the European Union the economic growth over 2017 has been 2.5%.

Yesterday, the United States (US) government reported that the US inflation has remained constant in January compared to December 2017, at a level of 2.1% annually. Economists forecasted a decrease in inflation for the same period, forecasting a rate of 1.9% annually. The US government further stated that consumer prices have increased by 0.5% on a monthly basis in January. The increase in consumer prices is said to be due to increased rent, fuel, clothing and health care expenses.

The Dutch central bureau of statistics (CBS) reported that the Dutch economy has grown by 3.1% in 2017. This economic growth marks the highest annual growth in the past decade. In the fourth quarter of 2017 the economic growth is estimated to be 0.8% relative to the third quarter of 2017. The CBS further reported that the economic growth can be explained by an increase in investments and exports.

The 6M Euribor remained unchanged at -0.28% compared to previous business day. The 10Y Swap increased with 1 basis point to 1.16% 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 14 February 2018

Market Information Wednesday 14 February 2018

The Bank of England (BoE) stated that inflation in the United Kingdom was 3.0% in January 2018, the unchanged compared to December 2017. Lower prices for fuel and food were compensated by increased costs for culture and services. The BoE expects that inflation will decrease in 2018.

According to the German Federal Statistical Office Destatis, the German economy expanded by 0.6% in the fourth quarter of 2017, compared to the quarter before. The economy grew by 2.9% compared to year earlier.

The Japanese economy grew for the eight straight quarter, data published by the Japanese government showed, the longest continuous expansion in 28 years. The Japanese economy expanded at a 0.5% annualized rate in the final quarter of 2017. Economists had forecast a growth of 0.9%.

The 6M Euribor remained unchanged at -0.28% compared to previous business day. The 10Y Swap decreased with 1 basis point to 1.15% 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. For more history of these rates or other rates feel free to ask: update@zanders.eu

Market Information Tuesday 13 February 2018

Market Information Tuesday 13 February 2018

In 2017, revenues of the Dutch retail sector were 4.2% higher compared to 2016. This is the largest annual increase in revenues of the retail sector in 11 years. Figures by Statistics Netherlands (CBS) show that the annual sales volume increased with 3.1% over the same period. Online sales were up 19.5% in 2017 compared to 2016.

In January 2018, 309 companies and institutions in the Netherlands were declared bankrupt, excluding sole proprietorship. According to Statistics Netherlands (CBS), this is roughly similar to the number of bankrupt companies in December 2017. A large part of the bankrupt companies can be found in the trade sector. In December 2017 the total number of bankrupt companies and institutions increased by 17.

OPEC has increased their expectations of oil production for 2018 by non-OPEC countries. This is the second increase in expectations in a row. OPEC expects an increase of 1.4 million barrels of oil a day produced by non-OPEC countries. This equals a production increase of 240,000 barrels of oil a day compared to previous expectations. Particularly oil production in the United States will grow this year. The increase in oil production by non-OPEC countries conflicts with production limitations agreed between OPEC countries.

The 6M Euribor remained unchanged at -0.28% compared to previous business day. The 10Y Swap increased with 4 basis points to 1.16% 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 12 February 2018

Market Information Monday 12 February 2018

French industrial production has increased in December 2017 compared to November 2017. The French Statistical Office INSEE reported an increase of 0.5%, while economists expected a 0.1% increase. On a yearly basis, French industrial production rose by 4.2%. In November 2017, industrial production decreased with 0.3%.

Last Friday, oil prices decreased with over 4%. The price for a barrel of American crude oil decreased with 4.4% on Friday to USD 58.52. The price for a barrel of Brent oil decreased on Friday with 4.1% to USD 62.16. This is the largest decrease in oil prices since January 2016. Lower oil prices are a result of increased oil production in North-America. Figures published by the American government show that the production of oil in the United States has increased to 10.3 million barrels a day.

The American Department of Commerce reported that the wholesale inventories in the US increased by 0.4% in December 2017 compared to November 2017. Economists expected an increase of 0.2%. In November 2017, inventories increased by 0.6% compared to October 2017.

The 6M Euribor remained unchanged at -0.28% compared to previous business day. The 10Y Swap remained unchanged at 1.12% 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 9 February 2018

Market Information Friday 9 February 2018

In December 2017, the average daily production of the Dutch industry was 5.2% higher than in December 2016. The increase is slightly smaller than the annualized increase in November 2017, as announced by Statistics Netherlands (CBS). For two years, the Dutch industry has a higher production than in that same period of the previous year.

The number of unemployment benefit requests in the United States has decreased with 9000 to 221,000 in calendar week 5 of 2018, which was published by the American ministry of Employment. Economists expected 232,000 requests. The number of requests in calendar week 4 stayed at a level of 230,000 requests.

In December 2018, German export slightly increased, while economists expected a 1.0% decrease. According to the German federal bureau of statistics, export increased by 0.3% on a monthly basis. In November 2018, export in Europe’s largest economy increased by 4.1%

The 6M Euribor remained unchanged at -0.28% compared to previous business day. The 10Y Swap increased with 1 basis point to 1.12% 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 8 February 2018

Market Information Thursday 8 February 2018

The Federal German Bureau of Statistics (Destatis) states that in December 2017 German exports have increased by 0.3% compared to a month prior. The increase in exports is unexpected as economists forecasted a monthly decline of 1%. The total of German exports increased by 6.3% in 2017 compared to 2016. In December the import increased by 1.4% compared to a month prior.

The Dutch Central Bureau for Statistics (CBS) reported that Dutch consumer prices in January 2018 increased by 1.5% with respect to prices in January 2017. In December 2017 the prices for goods and services rose with 1.3% on an annual basis. CBS states that most of the price changes are due to rising gas and electricity prices. The consumer price index (CPI) is an important benchmark for inflation, although inflation is determined by more factors than just consumer prices. Furthermore, CBS reported that the European harmonized price index for the Netherlands also increased by 1.5% in January, compared to January 2017.

On Wednesday, the European stock exchanges closed higher than they opened. This marks a slight recovery from Tuesday’s strong decline in stock prices. The major indices in Amsterdam, Frankfurt, Paris and London increased by 1.9%. Contrary to the European markets, the American exchanges exhibited a minor decline. The Dow Jones index, S&P 500 and NASDAQ each decreased by 0.1%, 0.5% and 0.9% respectively.
The 6M Euribor remained unchanged at -0.28% compared to previous business day. The 10Y Swap increased with 3 basis points to 1.11% 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 7 February 2018

Market Information Wednesday 7 February 2018

According to figures published by the United States Department of Commerce, the trade deficit of the United States has increased compared to November 2017. The trade deficit was USD 53.1 billion, compared to a revised USD 50.4 billion the previous month. Economists expected a deficit of USD 52.1 billion.

Yesterday, the German Federal Statistical Office stated that the factory orders in Germany increased by 3.8% in December 2017 compared to the previous month. Economists expected an increase of 0.7%. In November 2017, factory orders decreased with 0.4%.

The International Monetary Fund’s chief economist stated that the fundamentals of the world economy are strong, despite the recent stock market turmoil. He points to the increase in trade, increases in investment and the higher than expected growth in major economies.

With the exception of the European markets, stock markets around the world recovered from their respective dips at the start of the week. The Dow Jones Industrial Average index closed 2.3% higher, the S&P 500 gained 1.7% and the Nasdaq rose 2.1% on Tuesday. The Japanese Nikkei closed 0.2% higher on Wednesday. The stock markets in Paris, Frankfurt and London lost up to 2.8%.

The 6M Euribor remained unchanged at -0.28% compared to previous business day. The 10Y Swap decreased with 2 basis points to 1.08% 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 6 February 2018

Market Information Tuesday 6 February 2018

Based on preliminary figures published by Eurostat, the volume of retail trade in the Eurozone decreased in December 2017 by 1.1% compared to the previous month. Economists expected a decrease of 1%. For the European Union, retail trade was down by 1%. The average retail trade volume for the year 2017, compared to 2016, rose by 2.6% in both the euro zone and the European Union.

Yesterday, market researcher Markit stated that business activity among service providers in the euro zone grew at a higher rate in January 2018 than in December 2017. The Purchasing Managers’ Index registered 58.0, compared to a value of 56.6 in the previous month. A value higher than 50 indicates growth, below indicates contraction.

According to research institute ISM, the growth rate of the United States’ service sector has increased in January 2018 compared to the previous month. The Non-Manufacturing Index registered a value of 59.9, compared to a revised figure of 56.0 for December 2017. Economists had forecast a slight increase to 56.7.

Stock markets fell all over the world yesterday. The Dow Jones Industrial Average index closed 4.6% lower, the S&P 500 fell by 4.1% and the Nasdaq lost 2.8%. The Japanese Nikkei was down 4.7%, while stock exchanges in Paris, London and Frankfurt declined by 0.8% to 1.5%. Main reasons are the expected increases in interest rates and inflation.

The 6M Euribor remained unchanged at -0.28% compared to previous business day. The 10Y Swap decreased with 2 basis points to 1.10% 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 5 February 2018

Market Information Monday 5 February 2018

In December 2017, the Eurozone industrial output increased with 0.2% compared to November 2017, as announced by Eurostat. Economists expected a similar increase in production. The industrial production in the Eurozone increased with 2.2% in December 2017 compared to December 2016.

Friday, the University of Michigan published definitive consumer confidence figures for the United States. American consumer confidence has decreased in January 2018 compared to December 2017. Figures state a decrease of the consumer confidence index from 95.9 to 95.7. Economists expected a decrease of the index to 95.

According to figures published by the U.S. Commerce Department, factory orders in the U.S. increased by 1.7% in December 2017 compared to November 2017. Economists expected an increase of 1.5%. In November 2017 factory orders in the U.S. increased by 1.7% compared to previous month.

The 6M Euribor remained unchanged at -0.28% compared to previous business day. The 10Y Swap increased with 3 basis points to 1.12% 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 2 February 2018

Market Information Friday 2 February 2018

Yesterday, market researcher Markit published figures that indicate the industrial activity in the Eurozone has grown at a lower rate in January 2018. The Purchasing Manager Index (PMI) reached a level of 59.6 in January 2018 compared to a level of 60.6 in December 2017. A level of 50 or more is an indication of economic expansion.

The US government published figures that construction spending in the US increased by 0.7% in December 2017 compared to November 2017. Economists had predicted an increase of 0.4%. In November 2017, US construction spending increased by a revised 0.6% compared to October 2017.

According to figures published by market researchers Markit and Caixin, growth of industrial activity in China has stabilized in January 2018 compared to December 2017. The PMI remained stable a level of 51.5. This was in line with the expectations of economists.

The 6M Euribor remained unchanged at -0.28% compared to previous business day. The 10Y Swap increased with 2 basis points to 1.09% 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 1 February 2018

Market Information Thursday 1 February 2018

Yesterday, the Federal Reserve (Fed) announced that the interest rate will not be adjusted. The Fed fund rate target will remain at the interval of 1.25% to 1.5%. Last December, the Fed decided to increase interest rates by 25 basis points. The decision to keep interest rates unchanged was unanimous, and is in line with the gradual change in interest rate that the Fed proposed. In 2018, the Fed aims to increase interest rates three times.

Based on preliminary figures, the European statistical office Eurostat expects annual inflation in the Eurozone to decrease from 1.4% in January 2018 to 1.3% in December 2017. Economists expected a decrease to 1.2% annually. Eurostat expects core inflation rate to be 0.9% annually in January 2018.

Yesterday, Eurostat also reported that the unemployment rate in the Eurozone stabilized in December 2017. Similar to November 2017, unemployment rate was 8.7%, the lowest level since January 2009. In total, 14.1 million people were unemployed in the Eurozone. For the European Union, unemployment rate stabilized at 7.3%.

The 6M Euribor remained unchanged at -0.28% compared to previous business day. The 10Y Swap remained unchanged at 1.07% 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