Market Information Thursday 9 May 2019

Market Information Thursday 9 May 2019

The aviation sector association IATA reports that in March 2019, worldwide demand for flights has shown the lowest growth in 9 years. The passenger transport by airplane increased with 3.1% in March 2019 on an annual basis compared to 5.3% in February 2019.

The German federal statistics institute reports that the production of the German industry in March has increased with 0.5% compared to February. Economists expected a decrease of 0.5%. The annual production of the German industry has decreased with 0.9% in March.

Statistics Netherlands (CBS) reports that Dutch consumer confidence is heading to a structural lower level because of the ageing population. Senior citizens have the lowest consumer confidence because of continuous uncertainty about their pension benefits.

The 6M Euribor is unchanged at -0.23% compared to previous business day. The 10Y Swap is unchanged at 0.47% 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 8 May 2019

Market Information Wednesday 8 May 2019

Chinese Deputy Prime Minister Liu He travels to the United States for trade talks on 9 and 10 May. American president Trump has announced to increase the import tariffs on some products imported from China to 25% on Friday. With this, Trump wants to increase the pressure on China in the ongoing trade war.

The European Commission expects economic growth in the eurozone to reach 1.2% in 2019. Growth of 1.5% is expected for 2020. In a previous estimate, a growth rate of 1.3% was expected for 2019. The Dutch economy is expected to grow at 1.6% for both 2019 and 2020.

According to the industry association IATA, the global air freight sector increased slightly in March, by 0.1% annually. In February there was a decrease of almost 5%. However, capacity increased more than demand in March, by 3.1% compared to the previous year.

The 6M Euribor is unchanged at -0.23% compared to previous business day. The 10Y Swap decreased with 4 basis points to 0.47% 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 7 May 2019

Market Information Tuesday 7 May 2019

Final figures published by market researcher Markit show that growth of the services sector in the eurozone has decreased in April 2019 compared to March 2019. The Purchasing Managers Index was at 52.8, compared to 53.3 in the previous month. Preliminary figures had shown a value of 52.5.

Eurostat stated yesterday that retail sales in the eurozone remained stable in March 2019 compared to February 2019. In February, retail sales increased by a revised 0.5%. In the European Union retail sales increased by 0.3%.

The German federal statistics agency announced that factory orders in Germany have increased in March 2019 compared to February 2019. The amount of orders increased by 0.6%. Economists expected an increase of 1.4%. On a year on year basis, factory orders decreased by 6%.

The 6M Euribor is unchanged at -0.23% compared to previous business day. The 10Y Swap decreased with 1 basis point to 0.51% 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 6 May

Market Information Monday 6 May

A large Chinese delegation led by vice prime minister Liu He is supposed to travel to the United States this week for the trade negotiations. According to The Wall Street Journal it is uncertain whether this trip will proceed. The uncertainty is caused by the new import tariffs that US president Donald Trump has installed.

If the United States’ price levels remain unchanged after the summer, the Federal Reserve will possibly lower the interest rates to stimulate the inflation. Federal Reserve director James Bullard mentioned this in an interview with Reuters. The decrease of the official interest rate has been insisted several times by president Donald Trump to support the economic growth.

The inflation in the eurozone has increased from 1.4 percent on a yearly basis in March to 1.7 percent in April, as reported by the European statistic bureau Eurostat. Economists expected an average inflation of 1.6 percent.

The 6M Euribor is unchanged at -0.23% compared to previous business day. The 10Y Swap is unchanged at 0.52% compared to previous business day.

The following macro-economic figures will be published in the coming week:
• Consumer price index (PPI) Netherlands
• Inflation Netherlands
• GDP United Kingdom
• Trade Balance United Kingdom

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

Market Information Friday 3 May 2019

Market Information Friday 3 May 2019

The American department of Commerce announced that the number of industrial orders increased by 1.9% in March with respect to one month earlier. Economists expected an increase of 1.5%. In February, industrial orders decreased by 0.3%. The American department of Commerce also stated that orders for durable goods increased by 2.6% in March.

The US Department of Labor announced that labor productivity in the United States, excluding the agricultural sector, increased by 3.6% in the first quarter of 2019. Economists expected an increase of 2.2%. In the last quarter of 2018, labor productivity rose by 1.3%.

Market researcher Markit announced that the German economic activity decreased for the second month in a row. The German Purchasing Managers’ Index (PMI) was 44.4 in April and 44.1 in March. A level below 50 indicates a reduction in economic activity. The PMI in the Eurozone was 47.9 in April

The 6M Euribor is unchanged at -0.23% compared to previous business day. The 10Y Swap increased with 1 basis point to 0.52% 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.