Market Information Tuesday 30 July 2019

Market Information Tuesday 30 July 2019

Statistics Netherlands stated that producer confidence in the industry has increased in July 2019. Producer confidence increased from 3.3 in June to 3.9 in July. The last twenty years producer confidence was 1.0 on average.

Research agency GfK announced that consumer confidence has decreased slightly in Germany. The index measuring consumer confidence was 9.7 in July 2019, compared to 9.8 in June. This is in line with economists’ expectations.

INSEE stated that the French economy in the second quarter of 2019 has grown by 0.2% on a quarter on quarter basis, compared to 0.4% in the first quarter. Economists expected a growth of 0.3%. The growth was caused by increased domestic demand.

The 6M Euribor increased with 1 basis point to -0.36% compared to previous business day. The 10Y Swap decreased with 1 basis point to 0.05% 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 29 July 2019

Market Information Monday 29 July 2019

The Federal Reserve is expected to lower interest rates on Wednesday to boost the economy for the first time in more than ten years. On Friday a first estimate was published of the growth of the US economy in the second quarter. The economic growth decreased to 2.1 percent on an annual basis, from 3.1 percent on annual basis in the first quarter.

According to statistics published by the Chinese National Statistical Office the profits in the industrial sector of China decreased. Profits decreased by 3.1 percent in June, compared to the same period last year. The main causes are the suppressed demand for Chinese-made products and the trade war with the United States.

London is preparing for a no-deal Brexit. Boris Johnson took over the premiership from Theresa May on Wednesday and promised that the United Kingdom will leave the EU by October 31 at the latest. However, he is still pursuing a new agreement on the Brexit, after the British Parliament rejected the current arrangement. Michael Gove, responsible for the preparation of the Brexit, highlighted the preparations for a no-deal Brexit as the government’s key priority.

The 6M Euribor is unchanged at -0.37% compared to previous business day. The 10Y Swap decreased with 1 basis point 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 Friday 26 July 2019

Market Information Friday 26 July 2019

Figures published by the U.S. Department of Commerce show that orders for sustainable goods in the United States have increased by 2.0% in June. Economists expected an increase of 0.7%. In May, orders for sustainable goods increased by 2.3% compared to the previous month.

The monthly World Trade Monitor of the Dutch Bureau for Economic Policy Analysis (CPB) shows that world trade volume increased by 0.3% in May, while this volume decreased in April by 0.6%. Worldwide industrial production increased by 0.2% in May and by 0.6% in April.

The American Department of Commerce reported that wholesale inventories in the US increased by 0.2% in June. Economists expected an increase of 0.5% in this month. In May, inventories increased by 0.4%.

The 6M Euribor decreased with 1 basis point to -0.37% compared to previous business day. The 10Y Swap increased with 1 basis point to 0.07% 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 25 July 2019

Market Information Thursday 25 July 2019

Markit published preliminary figures, which show that industrial activity in the eurozone decreased more in July 2019 than in the previous month. The purchasing managers’ index fell from 47.6 in June 2019 to 46.4 in July 2019. Economists expected an increase of the index to 47.7. The purchasing managers’ index also fell in the services sector compared to the previous month. Today the ECB meets for an interest rate decision. The lower figures may encourage the ECB to lower its interest rates early, instead of in September 2019.

US Finance Minister Steve Mnuchin will travel to China with a trade delegation next week to further negotiate a new trade agreement. Donald Trump and Xi Jingping already agreed at the end of June that they would resume negotiations. Trade negotiations between countries have already taken place by telephone. Thus far, this did not lead to significant results; Trump recently threatened with new import duties on Chinese goods.

The US Department of Commerce has announced that in June 2019, the number of new-build properties in the United States has increased. Sales increased by 7% on a monthly basis. Compared to May 2018, approximately 646,000 new-build properties were sold in the US.

The 6M Euribor is unchanged at -0.36% compared to previous business day. The 10Y Swap decreased with 3 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 Wednesday 24 July 2019

Market Information Wednesday 24 July 2019

The IMF has further reduced its growth forecast for the global economy. The ongoing trade war between the United States and China is, according to the IMF, the main cause for this reduction. For 2019, the IMF estimates 3.2 % growth for the world economy, 0.1 percent point lower than the fund previously expected.

Positive results on the European stock markets yesterday, caused by the positive quarterly results of large European companies. Especially the automotive and high-tech sector achieved strong price gains. The AEX index in Amsterdam closed at a 18 years high.

The decline of the industrial production in Germany continues. The PMI index has decreased even further, from 45.0 in June to 43.1 in July. As a consequence the euro decreased relative to the US dollar. A decision by the ECB on monetary policy will follow tomorrow.

The 6M Euribor decreased with 1 basis point to -0.36% compared to previous business day. The 10Y Swap decreased with 1 basis point to 0.09% 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.