Market Information Wednesday 20 November 2019

Market Information Wednesday 20 November 2019

According to the Dutch central bank (DNB) the invested capital of investment institutions in the Netherlands increased to a new record during the third quarter of this year. According to the central bank the new record is a result of the ongoing optimism in the financial markets. The total invested capital has reached an amount of 966 billion euro in the quarter. In the second quarter an amount of 926 billion euro was reached. The invested capital has increased by 54 billion within a year.

According to press bureau Reuters, the Japanese export experienced the largest drop in October in three years. Besides the trade war, the decreasing international demand and extreme weather were the cause of the decrease in export. The export decreased by 9.2 percent on a yearly basis. October was the 11th month in a row in which the export dropped in comparison to the previous year.

Producer prices in Germany increased by 0.2 percent in October 2019 compared to the previous month, according to figures published by the German federal statistics bureau. In September the prices increased by 0.1 compared to the previous month.

The 6M Euribor decreased with 1 basis point to -0.34% compared to previous business day. The 10Y Swap is unchanged at 0.08% 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.

Market Information Tuesday 19 November 2019

Market Information Tuesday 19 November 2019

According to Netherlands Bureau for Economic Policy Analysis (CPB), the Dutch economic growth will decrease to 1.1 percent per year in 2022 TO 2025. Furthermore, consumer spending will not grow in this period. This is mainly due to ageing of the population. The labour force will decrease while health costs will increase, which affects the growth rate and consumer spending.

The German economy will remain weak in the final quarter of this year, according to the Bundesbank. The central bank does not expect a recession, but that growth will stagnate. The German economy is suffering under the decreasing demand for cars and the trade war between China and the US.

According to statistics Netherlands (CBS), the sales of the Dutch industry in the third quarter are 6.3 percent lower than in the third quarter of 2018. The last quarter was the third quarter in a row in which the sales in the industry sector have decreased. Sales within the Netherlands decreased by 3.9 percent, while exports of the industry sector decrease by 7.6 percent.

The 6M Euribor is unchanged at -0.33% compared to previous business day. The 10Y Swap is unchanged at 0.08% 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.

Market Information Monday 18 November 2019

Market Information Monday 18 November 2019

Eurostat published final figures that show that Eurozone inflation decreased to 0.7% on an annual basis in October 2019, compared to 0.8% on an annual basis in September. Core inflation, which excludes the impact of fluctuating energy and food prices, increased to 1.1% on an annual basis in October, compared to 1.0% in September.

The Dutch market for financing through crowdfunding is still growing. This year more than EUR 275 million has already been raised through this alternative form of financing. Last year, EUR 265 million was raised. These amounts are based on crowdfunding platforms that are registered with the Financial Markets Authority.

The International Energy Agency (IEA) expects an increase in oil supply next year. This will be caused by higher production from countries outside the OPEC oil cartel, such as the United States and Brazil. The IEA expects that the oil production from countries outside OPEC will increase by 2.3 million barrels per day next year. OPEC and its allies will meet on 5 and 6 December, to further limit the production in order to support oil prices.

The 6M Euribor increased with 1 basis point to -0.33% compared to previous business day. The 10Y Swap increased with 2 basis points to 0.08% 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.

Market Information Friday 15 November 2019

Market Information Friday 15 November 2019

The European Investment Bank (EIB) will refrain from investing in projects related to fossil fuels, such as oil and gas, from the end of 2021. The board of the EIB announced this when presenting a new energy investment strategy. The focus will be shifted to cleaner energy, efficiency and renewable energy technologies. EIB Vice President, Andrew McDowell, reported that the decision to abandon fossil investments was made with “overwhelming support.”

Producer prices in the United States (US) increased by 0.4% in October 2019 compared to the previous month, according to figures published by the US Department of Labor.

The size of the Dutch economy increased in the third quarter. Compared with the second quarter, gross domestic product (GDP) increased by 0.4%. This is equal to the growth in the two previous quarters. Compared to the third quarter of 2018, GDP increased by 1.9%. According to Statistics Netherlands (CBS), this is mainly caused by the increased consumer spending. Consumers spent 1.6% more in total, compared to the third quarter in 2018.

The 6M Euribor decreased with 1 basis point to -0.34% compared to previous business day. The 10Y Swap decreased with 4 basis points to 0.06% 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.

Market Information Thursday 14 November 2019

Market Information Thursday 14 November 2019

Destatis has reported that economic growth in Germany amounted to 0.1% on a quarterly basis in the third quarter of 2019. The growth was unexpected by analysts, who on average expected growth to be -0.1%, That would have meant that Germany had entered a recession. The German government did, however, lower its growth expectations for 2020 as a result of protectionist measures taken by countries worldwide.

Figures from the Chinese national statistical office show that industrial production grew less strongly in October 2019 compared to September 2019. Production growth in October was 4.7% on an annual basis, compared to a revised 5.8% in September. Economists had predicted an average production growth of 5.4%. The low production growth is attributed to the trade dispute that China has with the United States.

According to figures from the Japanese government, the growth of the Japanese economy fell sharply in the third quarter of 2019. The growth amounted to 0.2% on an annual basis. Economists anticipated a growth of 0.9%. The lower growth figures were caused, among other things, by the trade dispute between the United States and China, the country’s two most important trading partners, and lower international demand.

The 6M Euribor is unchanged at -0.33% compared to previous business day. The 10Y Swap decreased with 4 basis points to 0.10% 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.