Market Information Tuesday 8 January 2019

Market Information Tuesday 8 January 2019

The Dutch State Treasury Agency (DSTA) has announced that the Dutch state has raised EUR 1.51 billion with the opening of a short-term loan, which matures on 27 June 2019. The yield on the loan is -0.6%.

Statistics Netherlands has announced that inflation in the Netherlands in December 2018 was 2.0%, the same level as in November 2018. Energy prices and airline ticket prices fell in December, while clothing prices rose. For the full year 2018, inflation was 1.7%.

Eurostat estimates show that retail sales in the eurozone increased in November 2018 compared to a month earlier. Stores reported a turnover increase of 0.6% on a monthly basis, while economists expected an increase of 0.2%. In October 2018, retail sales increased by a revised 0.6%. Retail sales in the European Union rose by 0.7% in November.

The 6M Euribor is unchanged at -0.24% compared to previous business day. The 10Y Swap increased with 1 basis point to 0.80% 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 7 January 2019

Market Information Monday 7 January 2019

Preliminary figures from Eurostat show that inflation in the Eurozone fell to 1.6% in December 2018, compared to 1.9% in November 2018. This is below the average expectation of economists and earlier estimates of the statistical office of 1.7%. The decline of inflation is mostly due to a decrease in energy prices. Core inflation, excluding food and energy prices, was 1.0% in December 2018, unchanged compared to the previous month.

In December 2018, the purchasing managers’ index for the United States services sector has decreased compared to November 2018. The index, which is published by research agency Markit, decreased to 54.4 and indicates a decline in growth of economic activity in the services sector. Economists expected a decrease of the index to 53.4 in December 2018. A level above 50 indicates growth of economic activity.

In November 2018, factory orders in Germany decreased by 1.0% on a monthly basis, as announced by the German federal bureau of statistics. Economists expected a decrease of 0.1%. On a yearly basis, factory orders decreased by 4.3%, where a decrease of 2.7% was expected.

The 6M Euribor is unchanged at -0.24% compared to previous business day. The 10Y Swap increased with 5 basis points to 0.79% 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 4 January 2019

Market Information Friday 4 January 2019

This morning, the Chinese government announced additional measures to stimulate the economy, as Taxes, fees, and capital requirements for banks will be reduced. The decision was taken after visiting the three biggest banks in China, said prime minister Li Keqiang. According to the prime minister, the stimulation should help small and medium enterprises. Last year, China already reduced capital requirements for banks several times to stimulate lending to enterprises.

The American payslip processor ADP has announced that employment in the private sector in the United States has grown substantially in December 2018. According to ADP, 271,000 jobs were created in December. Economists expected on average an increase of 180,000 jobs.

The purchasing managers’ index (PMI) for United States manufacturing decreased to 54.1 in December 2018, from 59.3 in November 2018. Economists expected a decrease of the index to 57. A PMI level higher than 50 is an indication of economic growth.

The 6M Euribor is unchanged at -0.24% compared to previous business day. The 10Y Swap decreased with 1 basis point to 0.74% 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 3 January 2019

Market Information Thursday 3 January 2019

The stock exchanges in New York closed positive after a capricious first day of trading in 2019. The Dow-Jones index closed 0.1% higher on 23,346.24 points. Within an hour after opening, the index reached its lowest point of 22928.59 after which it reached its highest point of 23413.47. The S&P also increased 0.1% to 2510.03 points and the Nasdaq climbed to 6665.93 points, an increase of 0.5%. The positive outcome was fueled by increasing oil prices and a positive outlook on the trade war between the United States and China.

Yesterday, oil prices experienced a remarkable revival after a decline earlier that day. The price surge was seen after Saudi Arabia published a statement that it had decreased its oil exports. The price of a barrel of WTI increased by 3.3% to 46.90 USD and the price of a barrel of Brent Crude Oil increased by 3.4 % to 55.63 USD. Saudi Arabia cut its exports of crude oil to 7.2 million barrels a day. Oil prices dropped earlier that day after numbers regarding the Chinese industry turned out to be below expectations.

Research bureau Markit states that the economic activity in the manufacturing sector of the United States has increased less in December 2018 than one month earlier in November. This is based on definitive numbers. The index decreased from a value of 55.3 in November to 53.8 in December. Economists expected a value of 53.9.

The 6M Euribor is unchanged at -0.24% compared to previous business day. The 10Y Swap decreased with 6 basis points to 0.75% 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 2 January 2019

Market Information Wednesday 2 January 2019

Figures from market researchers Markit and Caixin show that the economic activity in the Chinese manufacturing sector has decreased in December 2018 compared to November 2018. The Manufacturing Purchasing Managers Index was 49.7, down from 50 in the previous month. The corresponding index from the Chinese government was measured at 49.4. This is the first contraction in the sector since July 2016. The government index is primarily focused on government enterprises, whereas the market researchers are primarily concerned with smaller private enterprises.

In addition, Markit has published figures concerning the economic activity in the manufacturing sector of the eurozone. The Purchasing Managers Index remained at a level of 51.4 in December 2018, the same as in November 2018, as expected by economists.

According to the Dutch Association of Purchasing Managers, the Dutch manufacturing industry has grown in December 2018. The Purchasing Managers Index reached a value of 57.2, compared to 56.1 in November 2018

The 6M Euribor is unchanged at -0.24% compared to previous business day. The 10Y Swap is unchanged at 0.81% 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.