Market Information Thursday 16 May 2019

Market Information Thursday 16 May 2019

According to the European statistics agency Eurostat, the eurozone economy increased by 0.4% in the first quarter of 2019 compared to an increase of 0.2% in the fourth quarter of 2018. For the entire European Union, the economy increased with of 0.5% in the first quarter, compared to 0.3% in the previous quarter.

Figures from the Statistics Netherlands (CBS) show that the number of unemployed people decreased further in April 2019 to 300,000, equal to 3.3% of the labor force. With a percentage of 3.3%, the Netherlands is in the top three with the lowest unemployment in the European Union.

According to the Federal Reserve (FED), industrial production in the United States decreased by 0.5% in April, compared to increase of 0.2% in March. Economists expected a stable production level. The occupancy rate last month amounted to 77.9% compared to a revised 78.5% in March. Economists expected an occupancy rate of 78.7% in April.

The 6M Euribor is unchanged at -0.23% compared to previous business day. The 10Y Swap decreased with 2 basis points to 0.42% 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 15 May 2019

Market Information Wednesday 15 May 2019

According to Statistics Netherlands (CBS), the Dutch economy increased by 0.5% in the first quarter of 2019 compared to the previous quarter. Mainly caused by the growth in investments in housing, buildings, infrastructure and machinery. On an annual basis, the economy increased by 1.7% in the first quarter of this year.

Last night, British Prime Minister Theresa May announced that she will again submit her brexit deal to Parliament at the beginning of June. The vote will take place at the beginning of June, regardless of whether the current negotiations with the opposition Labour Party fail. Labour demands legally binding commitments to reduce uncertainty about a possible successor to May after reaching a Brexit deal.

Since the start of the trade war with the United States (US), the growth of the Chinese economy slowed down. Retail sales in China increased 7.2% year-on-year in April from 8.7% in March, the weakest increase in nearly 16 years. In addition, China’s industrial production increased with 5.4% on a yearly basis, from 8.5% in March. Economists expected retail sales to increase by 8.6% and industrial production to increase by 6.5%.

The 6M Euribor is unchanged at -0.23% compared to previous business day. The 10Y Swap decreased with 1 basis point to 0.44% 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 14 May 2019

Market Information Tuesday 14 May 2019

The Chinese Ministry of Finance has announced that China will increase tariffs on USD 60 billion of American goods to 25% from 1 June 2019. The increase is a reaction to the recently increased tariffs on Chinese goods by the United States. President Trump warned China that tariff increases would be counterproductive and that United States’ consumers are not willing to pay for the price increase.

The Organization for Economic Cooperation and Development (OECD) stated that economic growth has decreased for various large economies. According to the OECD, growth has decreased for the United States, Japan, Canada, the United Kingdom and the eurozone. In addition, the OECD reports stable growth in China, India and Russia, while there is increased growth in Brazil.

Based on definitive figures, the German federal statistics agency has stated that year-on-year inflation in Germany was 2.0% in April 2019. In March 2019, inflation was 1.3%. Based on the European harmonized method, inflation was 2.1%.

The 6M Euribor is unchanged at -0.23% compared to previous business day. The 10Y Swap decreased with 3 basis points to 0.45% 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 13 May 2019

Market Information Monday 13 May 2019

Figures published by the US government have shown that inflation in the United States rose to 2.0% on an annual basis in April 2019. In March 2019, inflation in the US was 1.9%. Core inflation, which does not include energy and food prices, also increased by 0.1 percentage point to 2.1%. These inflation rates are in line with the 2.0% inflation target set by the Federal Reserve.

Statistics Netherlands (CBS) has announced that the number of companies that declared bankruptcy in the Netherlands increased slightly in April 2019. A total of 315 companies and institutions declared bankruptcy. Relatively speaking, most bankruptcies were declared in the hotel and catering industry and in the transport sector.

The economy in the United Kingdom grew by 0.5% in the first quarter of 2019 compared to the last quarter of 2018. On an annual basis, growth amounted to 1.8%. According to ING analysts, higher economic growth was mainly caused by companies investing in their inventories. ING therefore expects that the higher economic growth in the UK is only temporary.

The following macro-economic figures will be published in the coming week:
Gross Domestic Product (GDP) Eurozone
Consumer Price Index (CPI) Eurozone

The 6M Euribor is unchanged at -0.23% compared to previous business day. The 10Y Swap is unchanged at 0.48% 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 10 May 2019

Market Information Friday 10 May 2019

The wholesale stocks in the United States decreased by 0.1% in March compared to February. This announcement is based on the definitive numbers published by the American Ministry of Trade. Economists did not expect a change in wholesale stocks. In February, wholesale stocks increased by 0.4%.

Figures published on Thursday by the US Department of Labor show that producer prices increased by 0.2% in April. Compared to march, this is a smaller increase, when producer prices rose by 0.6%, all on a monthly basis. Economists expected an increase of 0.3%.

According to Statistics Netherlands (CBS), the average daily production of the Dutch industry was 1.0% lower in March compared to the same month one year earlier. In February, daily production was approximately the same.

The 6M Euribor is unchanged at -0.23% compared to previous business day. The 10Y Swap increased with 1 basis point to 0.48% 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.