Market Information Friday 30 March 2018

Market Information Friday 30 March 2018

Yesterday, the German Federal Statistical Office reported that annual inflation in Germany increased to 1.6% in March 2018, compared to 1.4% in February 2018. Economists had expected German inflation to increase to 1.7% annually. According to the European harmonised method, inflation was 1.5% in March 2018, compared to 1.2% the month before.

The German Federal Labor Office announced that unemployment rate in Germany decreased to 5.3% in March 2018 compared to 5.4% in February 2018, the lowest level ever recorded. Corrected for seasonal effects, the number of unemployed people in Germany decreased by 19,000 to 2.37 million. Economists expected a decrease of 15,000.

Figures published by the US government show that consumer spending in the US increased by 0.2% in February 2018 compared to January 2018. Consumer income increased by 0.4% in the same period. Both figures were in line with the expectations of economists.

The 6M Euribor is unchanged at -0.27% compared to previous business day. The 10Y Swap decreased 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 Thursday 29 March 2018

Market Information Thursday 29 March 2018

The American Department of Commerce reported that the wholesale inventories in the US increased by 1.1% in February 2018 compared to January 2018. Economists expected an increase of 0.5%. In January 2018, inventories increased by 1.0% compared to previous month.

Yesterday, research agency GfK announced that consumer confidence in Germany has stabilized in March 2018 compared to the previous month. The indicator measuring consumer confidence increased slightly from 10.8 in February 2018 to 10.9 in March 2018. Analysts had expected a decrease of consumer confidence to 10.7.

This morning, Statistics Netherlands reported that producer confidence in the Netherlands has decreased in March 2018 compared to the previous month, after reaching an all-time high in February 2018. The producer confidence index decreased from 10.9 in February to 9.5 in March, still above the long-term average confidence level of 0.8.

The 6M Euribor is unchanged at -0.27% compared to previous business day. The 10Y Swap is unchanged at 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.

Market information Wednesday 28 March 2018

Market information Wednesday 28 March 2018

Market researcher Conference Board stated Tuesday that consumer confidence in the United States has decreased in March 2018 compared to February 2018. The Consumer Confidence Index rose to 127.7 in March 2018, compared to a revised 130 in the previous month. Economists forecasted a value of 131.

House prices in the USA have increased less than expected in January 2017. The S&P/Case-Shiller national home price index, which reflects the average sales price development based on 20 U.S. cities, increased by 0.60% on a monthly basis and 6.40% on an annual basis. Economists forecasted an increase of 0.67% on a monthly basis.

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 114.2 in February 2018 to 112.6 in March 2018. Economists forecasted a level of 113.3. The EC reported that the economic confidence mainly decreased in the manufacturing industry, services industry, and retail industry. On the contrary, confidence increased in the construction industry.

The 6M Euribor is unchanged at -0.27% compared to previous business day. The 10Y Swap decreased with 3 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.

Market Information Tuesday 27 March 2018

Market Information Tuesday 27 March 2018

The 64 members of the World Steel Association (WSA) produced 131.8 million metric tons of steel in February 2018, an increase of 3.5% compared to February 2017. China accounted for over half of total production, increasing its output with 3.4% to 64.9 million metric tons. The capacity utilization of the 64 WSA members was 73.3% in February 2018.

In 2017, a third of EU trade was transacted with the United States of America and China. The share of total EU trade with the US has decreased from approximately 25% in 2000 to 16.9% in 2017, or EUR 631 billion. Meanwhile, the share of total EU trade with China has been steadily increasing from approximately 5% in 2000 to 15.3% in 2017, or EUR 573 billion.

Statistics Netherlands (CBS) confirmed a February first estimate showing that GDP growth in the Netherlands was 0.8% in the fourth quarter of 2017 compared to the third quarter of the same year. According to the CBS figures, the economy of the Netherlands expanded with 3.2% during 2017.

The 6M Euribor is unchanged at -0.27% compared to previous business day. The 10Y Swap is unchanged at 1.00% 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 March 2018

Market Information Monday 26 March 2018

According to the Dutch Bureau for Economic Policy Analysis (CPB), world trade volume increased by 0.9% in January 2018 compared to December 2017. The increase was higher compared to the previous month, when trade volume increased by 0.3%. In January 2018, worldwide industrial production increased by 0.1% compared to December 2017.

Friday, the US Commerce Department announced that sales of new houses in the United States decreased by 0.6% in February 2018 compared to January 2018. Economists expected an increase of 4.6%. In January, sales of new houses decreased by a revised 4.7% compared to the previous month.

Additionally, the US Commerce Department announced that the orders for durable goods in the U.S. increased by 3.1% in February 2018 compared to January 2018, the largest increase in eight months. Economists expected an increase of 1.6%.

The 6M Euribor remained unchanged at -0.27% compared to previous business day. The 10Y Swap remained unchanged at 1.00% 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 March 2018

Market Information Friday 23 March 2018

Yesterday, President Donald Trump announced that the United Stated will levy import duties on at least USD 50 billion in Chinese imports. The products on which the increased duties will apply are not published yet. Trump wants to tackle the Chinese trade policies that he considers to be unfair. The announcement caused increased fear for an international trade war, which resulted in declining stock markets in Europe. The AEX index closed 1.6% lower at 527.68.

According to market researcher Markit, the growth of business activity in the Eurozone declined in March 2018. The Purchasing Managers Index (PMI) decreased from 58.6 in February 2018 to 56.6 in March 2018. Economists expected a level of 58.1.

In March 2018, confidence of German entrepreneurs decreased compared to February 2018, as published by research institute Ifo. The confidence index, measuring the expectations in economic development for the coming three to six months, decreased from a level of 115.4 in February to 114.7 in March, the lowest level in five months.

The 6M Euribor remained unchanged at -0.27% compared to previous business day. The 10Y Swap decreased with 4 basis points to 1.00% 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 March 2018

Market Information Thursday 22 March 2018

Wednesday, the Federal Reserve (Fed) increased official interest rates from 1.5% to 1.75%. This is the first increase of interest rates in 2018, and the sixth since the end of 2015, when the official interest rate was 0.0%. It is expected that the Fed will accelerate the increase of official interest rates based on improved economic conditions.

The number of house sales in the United States has increased by 3.0% in February 2018 compared to January 2018, as announced by the American real estate agency trade association. Economists expected an increase of 0.4%. In January 2018, house sales decreased by 3.2% on a monthly basis.

Figures published by Statistics Netherlands and the Dutch Cadastral Agency show that house prices in the Netherlands increased with 9.5% on average in the period February 2017 to February 2018. This is the strongest increase on an annual basis since September 2001. Current average house prices are 1% below average house prices in August 2008.

The 6M Euribor remained unchanged at -0.27% compared to previous business day. The 10Y Swap increased with 1 basis point to 1.04% 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 March 2018

Market Information Wednesday 21 March 2018

Preliminary figures of the European Commission show that consumer confidence in the Eurozone has remained stable in March 2018 compared to February 2018. The index remained stable at the level of 0.1. Economists expected a level of 0.0 in March 2018. In the European Union, consumer confidence also remained stable at a level of -0.3.

In February 2018, producer prices in Germany decreased by 0.1% compared to January 2018, as published by the German Federal Statistical Office. Economists expected an increase of 0.1%. In January 2018, producer prices increased by 0.5% compared to December 2017. In February, the German producer prices increased by 1.8% on an annual basis.

The Bank of England (BoE) stated that annual inflation in the United Kingdom decreased to 2.7% in February 2018, from a level of 3.0% in January 2018. The decrease in inflation is mainly due to lower prices for fuel and food. Earlier this year, the BoE stated that inflation is expected to decrease in 2018.

The 6M Euribor remained unchanged at -0.27% compared to previous business day. The 10Y Swap increased with 1 basis point to 1.03% 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 March 2018

Market Information Tuesday 20 March 2018

In January 2018, Eurozone exports were EUR 178.6 billion, an increase of 9.1% compared to January 2017. Imports increased with 6.3% to EUR 175.4 billion. The Eurozone trade surplus was EUR 3.2 billion, compared to a trade deficit of EUR 1.4 billion in January 2017. There have been talks the past few weeks about the balance of trade between the US and the EU. The US government believes a trade deficit with the EU to be detrimental to US economic expansion, and is therefore considering enacting trade barriers. This could potentially decrease economic growth of the US and the EU.

According to Eurostat, production in construction in the EU is down 2.1% in January 2018 compared to December 2017. The seasonally-adjusted figure follows an increase of 1.0% in December compared to November 2017. The decrease is mostly the result of lower building construction and civil engineering projects.

Tomorrow, the first monetary policy meeting of the new Federal Reserve (Fed) Chair Jerome Powell is scheduled to take place. Analysts expect the Fed to increase its policy rate with 0.25% after economic data was released earlier this month that shows the US economy is on a fairly robust growth path. Investors have already priced in this rate hike and at least two more rate hikes in 2018.

The 6M Euribor remained unchanged at -0.27% compared to previous business day. The 10Y Swap increased with 1 basis point 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 Monday 19 March 2018

Market Information Monday 19 March 2018

China has appointed a new president of the central bank. Vice President Yi Gang will be managing the People’s Bank of China (PBOC). His appointment has been approved by the Chinese parliament. Yi is the successor of Zhou Xiaochuan, who has led the Central Bank of the second economy of the world for fifteen years. The sixty-year-old YI has been Vice President of the Central Bank since 2008. By appointing Yi, China shows it is continuing its current PBOC policy.

Free world trade will be one of the most important topics discussed at the G20 meeting in Buenos Aires, as announced by German minister of finance Olaf Scholz, before the start of the meeting today. Ministers of finance and central bankers come together in the capital of Argentina. Amongst the participants is president Mario Draghi of the European Central Bank (ECB) and president Christine Lagarde from the International Monetary Fund (IMF), as well as American secretary of treasury Steven Mnuchin.

According to the University of Michigan, consumer confidence in the United States has increased in March 2018. The index measuring the sentiment amongst the US consumers increased from 99.7 in February 2018 to 102.0 in March 2018. Economists expected an index level of 99.3.

The 6M Euribor remained unchanged at -0.27% compared to previous business day. The 10Y Swap remained unchanged at 1.01% 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 March 2018

Market Information Friday 16 March 2018

The stock markets in Europe generally booked some profits on Thursday afternoon 15 March 2018. The main indicators in London, Paris and Frankfurt were 0.7% in the plus. Unilever lost 1.1% and was therefore one amongst the biggest losses in the AEX. Economic macro numbers brought some optimism to investors on Wall Street, but the exchange atmosphere is dominated by political uncertainty. The persistent fear for a worldwide trade war and new developments in the Russia investigation by special prosecutor Robert Mueller pushed prices down.

According to numbers published by the United States government, import prices in the US have increased by 0.4% in February 2018 compared to January 2018. Economists expected an increase of 0.2%. In January 2018, prices increased by 0.8%. The export prices in the United States increased 0.2% in January compared to December 2017.

In March 2018, the industrial activity in and around New York City is growing at a higher pace than in February 2018, as announced by the New York Federal Reserve Bank. The Empire State-index, reflecting the industrial activity, reached a level of 22.5 against a level of 13.1 in February 2018. Economists expected a level of 15 for March 2018.

The 6M Euribor remained unchanged at -0.27% compared to previous business day. The 10Y Swap decreased with 2 basis points to 1.01% 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 March 2018

Market Information Thursday 15 March 2018

Yesterday, the US Department of Commerce announced that business inventories in the United States increased with 0.6% in January 2018 compared to December 2017. The increase is in line with expectations of economists. In December 2017, business inventories increased with 0.6% compared to the previous month.

Unemployment in the Netherlands has decreased slightly from 4.2% in January 2018 to 4.1% in February 2018, as published by Statistics Netherlands (CBS). In February 2018 a total of approximately 8.7 million persons performed paid work. The number of current unemployment benefits decreased by 1.6% compared to January 2018, whereas the number of current unemployment benefits increased in January 2018 related to seasonal influences.

In January 2018, the turnover of the Dutch retail sector increased by 3.5% compared to January 2017. Figures published by Statistics Netherlands (CBS) further show that the sales volume increased by 2.4% in the same period. Turnover of online stores increased by 22% compared to the same month last year.

The 6M Euribor remained unchanged at -0.27% compared to previous business day. The 10Y Swap decreased with 3 basis points to 1.03% 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 March 2018

Market Information Wednesday 14 March 2018

Figures published by the United States Department of Labor Statistics show that inflation in the United States increased in February 2018 to 2.2% on a year-on-year basis, compared to 2.1% in January 2018. The increase is in line with expectations. Core inflation was 1.8%, the same as in the previous month.

According to forecasts from the Organisation for Economic Co-operation and Development (OECD), global economic growth will be 3.9% in 2018 and 2019. This is the highest level since 2011. The OECD previously expected a growth of 3.6% for both 2018 and 2019. The OECD cautions for the negative impact of a possible trade war as a response to the American import tariffs.

According to definitive figures from the German Federal Statistical Office, German inflation decreased to 1.4% on a year-on-year basis in February 2018, compared to 1.6% in the previous month. The decrease was in line with expectations. Inflation measured according to the European harmonised method was 1.2% in February 2018, compared to 1.4% in January 2018.

The 6M Euribor remained unchanged at -0.27% compared to previous business day. The 10Y Swap decreased with 1 basis point to 1.06% 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 March 2018

Market Information Tuesday 13 March 2018

The Netherlands recorded 48 fewer bankruptcies in February 2018 compared to January 2018. Overall, 226 firms were declared bankrupt in February, the lowest number in any month since 2001, according to Statistics Netherlands (CBS). The largest number of bankruptcies was recorded in the trade sector, followed by financial institutions.

CBS further reports that the average daily output of the Dutch industry was 7.1% higher in January 2018 compared to January 2017. The increase was the largest recorded increase since February 2011. CBS also noted that the average daily industrial output has increased for the past two years, indicating that daily output has repeatedly been above the level of the same month year-on-year.

Today, the United States will announce consumer inflation data of February 2018. Investors on average expect a marginal increase of the price level, which may prompt the Federal Reserve to increase its benchmark interest rate next week.

The 6M Euribor remained unchanged at -0.27% 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.

Market Information Monday 12 March 2018

Market Information Monday 12 March 2018

Friday, the US Department of Commerce reported that the wholesale inventories in the United States (US) increased by 0.8% in January 2018 compared to December 2017. Economists expected an increase of 0.7%. In December 2017, wholesale inventories increased by 0.4% compared to the previous month.

According to the Bureau of Labor Statistics in the US, the nonfarm payroll employment in the US increased by 313,000 February 2018. The increase was stronger than in January 2018, when employment increased by 239,000 jobs. Economists expected the number of jobs to increase by 205,000. The unemployment rate in the US remained unchanged at 4.1% in February 2018.

Confidence of private investors in the financial markets decreased in March 2018, compared to February 2018. The sentiment tracker of online broker BinckBank decreased from 5.2 in February to 3.8 in March, the lowest level since February 2017.

The 6M Euribor remained unchanged at -0.27% compared to previous business day. The 10Y Swap increased with 1 basis point to 1.07% compared to previous business day.

Market Information Friday 9 March 2018

Market Information Friday 9 March 2018

In January 2018, manufacturing orders in Germany have decreased by 3.9% on a monthly basis, as announced by the German federal statistics bureau. Economists expected a 1.8% decrease. In December 2017, manufacturing orders increased by 3.0%.

According to Statistics Netherlands (CBS), consumer prices in the Netherlands increased by 1.2% in February 2018 compared to February 2017. In January 2018, prices of goods and services increased by 1.5% on a yearly basis. The increase of prices has fluctuated between 1.2% and 1.5% in the last nine months.

In calendar week 9 (2018), the number of first employment benefit requests in the United States has increased. The US ministry of Labor counted 231,000 requests, against 201,000 requests in calendar week 8. Economists expected a number of 220,000 requests. The number of requests for week 9 remained unadjusted.

The 6M Euribor remained unchanged at -0.27% compared to previous business day. The 10Y Swap decreased with 2 basis points to 1.06% 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 March 2018

Market Information Thursday 8 March 2018

Eurostat published official figures that show that the eurozone economy has grown with 0.6% in the fourth quarter of 2017. The economic growth for the full year 2017 in the eurozone was 2.7%. These figures are in line with expectations of analysts and preliminary figures of Eurostat. For the entire European Union, economic growth in 2017 was 2.6%.

Director of the International Monetary Fund (IMF) Christine Lagarde warned in a speech for the consequences of American import taxes on steel and aluminum. According to Lagarde, those trade barriers could start a trade war that will not benefit any country. The American news website Axios stated, based on insiders in the White House, that president Trump will approve the measures today.

Figures of Chinese customs show that China’s export in February 2018 has grown stronger than expected. Exports grew with 36.2% on an annual basis, while analysts expected exports to grow with 7.4%. Imports fell by 0.2%, while analysts expected an import growth of 1.2%. Because of the higher export and lower import, the current account surplus increased to CNY 224.9 billion in February 2018.

The 6M Euribor remained unchanged at -0.27% 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 Wednesday 7 March 2018

Market Information Wednesday 7 March 2018

Figures published by the US Department of Commerce show that factory orders in the United States decreased in January 2018 by 1.4% compared to December 2017. Orders for durable goods decreased by 3.6% in the same period. Both figures are in line with expectations.

The European Union will extend import tariffs on Chinese pipes made of steel and corrosion-resistant steel by five years. The tariffs were introduced in 2011 to counter dumping of cheap steel from China on the European market. The tariffs range from 48.3% to 71.9%.

Forecasts from the Dutch Central Planning Bureau (CPB) show that the Dutch economy will continue to grow in the coming years. The CPB expects a growth of 3.2% in 2018 and 2.7% in 2019. The unemployment rate is expected to decrease to 3,9% in 2018 and 3.5% in 2019.

The Dutch Central Bureau for Statistics reported that the revenue of the Dutch transport sector reached the highest level to date in the last quarter of 2017. The revenue increased by 4.4% in that period compared to the previous year.

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 6 March 2018

Market Information Tuesday 6 March 2018

Yesterday, the Dutch government has issued T-bills for a total amount of EUR 1.58 billion, with an effective yield of -/- 0.665% and maturity August 31, 2018. The Dutch government aimed to raise an amount between EUR 1 billion and EUR 2 billion.

Figures from statistics agency Eurostat show that retail sales in the eurozone decreased slightly by 0.1% in January 2018 compared to 1.0% in December 2017. Economists had expected a similar decrease. Retail sales in Belgium and Estonia showed the strongest decrease, whereas retail sales in Latvia and Finland showed the steepest monthly increase. In the European Union as a whole, retail sales increased by 0.1% in January 2018.

The Chinese premier Li Keqiang announced that China aims to achieve annual economic growth of 6.5% in 2018 in a presentation to the parliament. In 2017, the Chinese economy grew by 6.9%. Additionally, China’s budget deficit in 2018 should decrease to 2.6% of GDP, according to the Chinese premier. In 2017, China’s budget deficit was 3.0% of GDP.

The 6M Euribor remained unchanged at -0.27% compared to previous business day. The 10Y Swap increased with 1 basis point 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 Monday 5 March 2018

Market Information Monday 5 March 2018

Last Friday, Reuters reported based on anonymous sources that the European Union (EU) is considering applying 25% tariffs on around USD 3.5 billion of imported goods from the United States. This is a response on the plans of President Donald Trump to impose tariffs on steel and aluminum, causing fear for a trade war. As a result, European stock markets declined last Friday. Experts fear that the EU and China will repond with firm countermeasures if Trump carries out his plans to apply import tariffs of 25% on steel and 10% on aluminum.

According to final figures from the university of Michigan, consumer confidence in the US increased in February 2018. The index, which highlights sentiment of US consumers, increased to 99.7 in February 2018, compared to 95.7 in January 2018. Economists expected a level of 99.5.

European bureau of statistics Eurostat reported that producer prices in the Eurozone increased by 0.4% in January 2018 compared to December 2017. This is in line with the expectations of economists. In December 2017, prices increased by a revised 0.1% compared to November 2017. An earlier estimate reported a 0.2% increase.

The 6M Euribor remained unchanged at -0.27% compared to previous business day. The 10Y Swap remained unchanged at 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 Friday 2 March 2018

Market Information Friday 2 March 2018

In January 2018, unemployment in the Eurozone settled at a level of 8.6%, which is the same level as in December 2017, as announced by European bureau of statistics Eurostat. According to Eurostat, the current unemployment is the lowest since October 2008. More than 14.1 million people were unemployed in January 2018. For the European Union, unemployment equalled 7.3%, which is also the lowest level since October 2008.

Activity in the United States industry has grown at a higher rate in February 2018 than in January 2018, according to research bureau ISM. The purchasing managers index (PMI) for the US industry increased from 59.1 in January 2018 to 60.8 in February 2018. Economists expected a level of 58.7. Any level above 50 is an indication of growth.

In January 2018, consumer expenditures in the United States have increased by 0.2% compared to December 2017, as announced by the US ministry of Trade. This increase is in accordance with economists’ expectations. In December 2017, expenditure increased by 0.4%.

The 6M Euribor remained unchanged at -0.27% compared to previous business day. The 10Y Swap remained unchanged at 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 Thursday 1 March 2018

Market Information Thursday 1 March 2018

Yesterday, the European statistical office Eurostat published their preliminary inflation figures for February 2018. Eurostat reports that in February 2018 the inflation in the Eurozone dropped to 1.2 percent on an annual basis, from 1.3 percent in January 2018. The preliminary inflation report matches the forecast of economists.

Figures published by the German Federal Labor Office show that the unemployment rate in Germany in February 2018 is 5.4%, an all-time low. These figures are corrected for seasonal effects. In February 2018, the number of unemployed decreased by 22,000 which corresponds to approximately 2.4 million unemployed in the German workforce. Economists had expected a decrease of 15,000.

The United States economy grew by 2.5% in the fourth quarter of 2017 in comparison to the fourth quarter of 2016, as shown by the second estimate on economic growth published by the American Department of Commerce. The previous estimate indicated a growth of 2.6%. In the third quarter of 2017, the United States economy grew by 3.2% on an annual basis.

The 6M Euribor remained unchanged at -0.27% 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.