Market Information Friday 15 March 2019

Market Information Friday 15 March 2019

The American department of commerce stated that the sale of new homes in the United States decreased by 6.9% with respect to a month earlier. This increase translates to an annual sale of 607,000 new homes. Economists forecasted new home sales to increase by 0.2 percent. In December the amount of new homes sold increased by 3.8%.

Statistics Netherlands reported that the collective revenue of retail trade increased by 1.6% in January compared to December. In the food sector the revenues increased by 1.5%. The total volume that was traded in the retail sector increased by 0.8%.

The US government stated that import prices increased by 0.6% compared to one month earlier. Economists expected an increase of 0.3%. In January, import prices increased by 0.1% after prices decreased by 0.5% in December. The export prices also increased in the United States. Export prices went up by 0.6% after a decrease of 0.5% one month earlier.

The 6M Euribor is unchanged at -0.23% compared to previous business day. The 10Y Swap increased with 1 basis point to 0.59% 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 14 March 2019

Market Information Thursday 14 March 2019

In a vote, the British House of Commons rejected the option to leave the European Union without a deal. The House of Commons voted by 312 to 308 in favour of an amendment that states that a no-deal Brexit cannot be the outcome in any situation. This amendment is different from the original motion, which stated that a no-deal Brexit remains the legal default if no other solution is found.

The US department of Labor reported that the Producer Price Index (PPI) in February has increased with 0.1% compared to the month before. In January, the PPI decreased with 0.1%. On average, economists predicted an increase of 0.2% per month.

The PBL Netherlands Environmental Assessment Agency (PBL) and the CPB Netherlands Bureau for Economic Policy Analysis (CPB) report that as a result of calculations on the Dutch concept-Climateagreement, even though it is possible, it is unlikely that the climate goals will be reached. The PBL and the CPB state that with the current agreement, it is possible to obtain a reduction of greenhouse emission between 31 and 52 megatons in 2030, while the goal is a reduction of 49 megatons in 2030.

The 6M Euribor is unchanged at -0.23% compared to previous business day. The 10Y Swap increased with 1 basis point to 0.58% 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 13 March 2019

Market Information Wednesday 13 March 2019

Yesterday, the British House of Commons again rejected the Brexit deal of Prime Minister Theresa May. The agreement received 242 votes in favour and 391 against. The additional provisions to address concerns about the Irish border solution, agreed with the European Union the day before, could not reverse the tide. The United Kingdom (UK) has 17 days left to negotiate a deal until it leaves the EU.

According to figures from the UK Statistics Office, the UK economy increased by 0.5% in January 2019. Economists expected an average growth of 0.2%. This is the strongest monthly growth in more than two years. In December a contraction of 0.4% was reported.

A study by Deloitte, which annually examines mergers and acquisitions of healthcare organizations, shows that last year private equity parties were behind a third of acquisitions in the healthcare sector. This is an increase of 30% compared to 2017. In 2018, there were 96 transactions in the healthcare sector, representing approximately EUR 2.3 billion.

The 6M Euribor is unchanged at -0.23% compared to previous business day. The 10Y Swap is unchanged at 0.57% 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 12 March 2019

Market Information Tuesday 12 March 2019

According to Statistics Netherlands, the average daily production from the Dutch industry in January has been fractionally higher than the same month the year before. The increase of 0.1% follows a decrease of the production in December.

Momentarily Greece will not receive an extra deposit of almost €1 billion to its treasury. When Greece would have shown more progress towards the reforms and privatization they promised, they would have received this amount from European central banks. The amount consists of the profits European central banks made on the Greek government bonds.

After five following trading days with losses, the US stock markets closed with profits yesterday. The US stock markets have recovered from the disappointing previous week. The S&P500 increased with 1,5% and the Nasdaq Composite with 2%. These increases are however not equal to the decreases of respectively 2,1% and 2,5% from last week.

The 6M Euribor is unchanged at -0.23% compared to previous business day. The 10Y Swap increased with 1 basis point to 0.57% 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 11 March 2019

Market Information Monday 11 March 2019

According to the U.S. Department of Labor, employment in the United States increased at a lower rate in February 2019, with 20,000 jobs (excluding agriculture). This is the smallest increase in more than a year. Economists expected an increase of 180,000 new jobs.

Turkey is experiencing a recession for the first time in ten years. In the past three months, Turkey’s economy decreased by 2.4% on a quarterly basis. Compared to a year earlier, the economy contracted by 3%. The depreciation of the Turkish lira, coupled with the high debt that Turkish companies have with foreign lenders, did not benefit the Turkish economy.

Statistics Netherlands (CBS) reported that in the fourth quarter of 2018, turnover in the transport sector increased by 5.9% compared to the same period last year. Turnover was particularly high in inland shipping, with an increase of 13.5%. In addition, 6400 new transport companies were established in 2018, an increase of 1400 transport companies compared to 2017.

The 6M Euribor is unchanged at -0.23% compared to previous business day. The 10Y Swap decreased with 2 basis points to 0.56% compared to previous business day.

The following macro-economic figures will be published in the coming week:
• Consumer Price Index (CPI) Eurozone
• Consumer Price Index (CPI) United States
• Producer Price Index (PPI) United States
• Interest rates Japan

In the attachment, today’s market data on money and capital market rates as well as other rates are presented.