Market Information Friday 27 September 2019

Market Information Friday 27 September 2019

The United States department of Commerce announced that the economic growth of the United States was 2.0% on annual basis in the second quarter of 2019. This number is in line with earlier estimates and predictions by economists. In the first quarter of 2019 the economic growth was 3.1%. In an effort to stimulate the economy, the Federal Reserve (Fed) lowered interest rates in July and injected additional funds in the economy by purchasing debt. Experts expect that the FED will decrease the official interest rate further this month.

The United States Federation of Real Estate Agents reported that the number of home sales in the United States increased by 1.6% in August on a monthly basis compared to July. Economists expected an increase of 1.0% on a monthly basis. In July, the number of home sales decreased by 2.5% compared to June.

Statistics Netherlands stated that producer confidence decreased last month. The index decreased from 3.9 in August to 3.3 in September. However, this is still well above the 20-year average of 1.0. Producers were in particular confident about their order position, while expectations regarding activity in the next 3 months remained unchanged.

The 6M Euribor decreased with 1 basis point to -0.38% compared to previous business day. The 10Y Swap decreased with 1 basis point to -0.16% 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 26 September 2019

Market Information Thursday 26 September 2019

According to the Netherlands Bureau for Economic Policy Analysis (CPB), the volume of world trade increased by 1.9% in July compared to June, following a decline of 1.7% in June. Also, global industrial production increased 0.2% in July compared to June.

US President Donald Trump has announced that a trade deal between the United States and China could be reached much earlier. Formal negotiations between the US and China are planned for next month. Last week already exploratory talks were held, that were described by both sides as constructive.

The US Federal Reserve is ready to invest more money into the US financial system tomorrow. The central bank will invest USD 160 billion in the repo market. By doing so, the Fed aims to counter the rising interest rates in the money market and remedy the sudden lack of liquidity.

The 6M Euribor decreased with 1 basis point to -0.37% compared to previous business day. The 10Y Swap increased with 6 basis points to -0.15% 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 24 September 2019

Market Information Tuesday 24 September 2019

Figures published by market researcher Markit show that economic activity in the industry of the United States (US) has increased in September. The index for the US was 51.0, compared to 50.3 in August. The forecast by economists was 50.3 as well. For the eurozone, a decrease has been measured. The index for the eurozone was 45.6, compared to 47 in August. Economists expected a value of 47.3. In Germany, industrial economic activity decreased at a higher rate than the previous month. The index fell from 43.5 in August to 41.4 in September, lower than the expected value of 44. This is the lowest level since mid-2009. An index above 50 indicates growth, lower indicates a decrease. The lower economic activity is caused by the global trade tensions, the cooldown of the global economy and the uncertainty surrounding the Brexit.

Figures from Markit show that the economic activity in the services sector of the US has increased in September. The index for the US was 50.9, higher than the value of 50.7 in the previous month. Economists expected a value of 51.5. In the eurozone, a decrease has been measured. The index for the eurozone was 50.4, against 51.9 in the previous month. Economists expected a value of 51.9 for September as well. Economic activity in Germany decreased further from 54.3 to 52.5, while a value of 54.8 was expected.

Statistics Netherlands announced that the economic outlook is less favourable in September than in the previous month. In the Business Cycle Tracer published mid-September, nine of the thirteen indicators are still above their long-term average. The less favourable score is due to lower consumer confidence, while producer confidence remains the same as in the previous month.

The 6M Euribor increased with 1 basis point to -0.36% compared to previous business day. The 10Y Swap decreased with 6 basis points to -0.18% 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 23 September 2019

Market Information Monday 23 September 2019

Statistics Netherlands (CBS) has reported in a second estimate that the Dutch economy grew by 0.4% in the second quarter of 2019 compared to the previous quarter. In the first estimate, the growth was 0.5%. The most notable change compared to the first estimate is that the trade balance has been adjusted downwards. The growth was largely caused by domestic consumption and investments in fixed assets. On an annual basis, growth was 1.8% in the second estimate, compared to 2.0% in the first estimate.

Preliminary figures from the European Commission show that consumer confidence in the eurozone became less negative in September 2019. The index that measures confidence rose from -7.1 in August 2019 to -6.5 in September. Economists had expected an average of -7.0.

This week new trade talks between the US and China are planned. Last Friday, a Chinese trade delegation left Washington earlier than expected. The Chinese Minister of Commerce issued a statement that last week constructive talks had taken place. Donald Trump said, however, that he will only settle for a full trade deal with China, and that China will have to do more than buy more US agricultural products.

The 6M Euribor is unchanged at -0.37% compared to previous business day. The 10Y Swap decreased with 1 basis point to -0.12% 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 20 September 2019

Market Information Friday 20 September 2019

The Statistics Bureau of Japan reported that core inflation decreased to its lowest point since 2017. Inflation decreased from 0.6% on annual basis in July to 0.5% in August. This decrease was in line with the expectation of economists. Consumer prices excluding food and energy increased by 0.6% on annual basis.

According to the American association for real estate agents, existing home sales increased unexpectedly in August. Sales increased by 1.3% in August compared to July, while economists expected a decrease of 0.7%. Sales increased from 5.42 million to 5.49 million.

According to Statistics Netherlands (CBS), the volume of investments in tangible fixed assets was 4.4% higher in July 2019 than July 2018. In June, volume decreased by 0.6% compared to the same month one year earlier. Investments in commercial buildings and machinery in particular were higher than a year ago.

The 6M Euribor is unchanged at -0.37% compared to previous business day. The 10Y Swap decreased with 1 basis point to -0.11% 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.