Market Information Friday 23 July 2021

Market Information Friday 23 July 2021

The European Central Bank announced that they will keep interest rates at low levels for as long as it takes to bring inflation to the 2.0% target. This was stated yesterday at the first meeting of the Governing Council after the announcement of the new inflation target (2.0%) a fortnight ago. President Christine Lagarde added that the ECB did not want to confirm that interest rates would now stay at a lower level for a longer period than under the previous target.

Sales of existing homes increased by 1.4% (month-on-month) in the United States (US) in June. This was reported yesterday by the National Association of Realtors. On an annual basis, existing home sales increased by 22.9%.

Consumer confidence in the eurozone has decreased in July, according to preliminary figures from the European Commission published yesterday. The confidence index reported this month to minus 4.4, compared to minus 3.3 in June.

The 6M Euribor increased with 1 basis point to -0.51% 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 Thursday 22 July 2021

Market Information Thursday 22 July 2021

The International Monetary Fund (IMF) continues to expect the global economy to grow by around 6.0% this year, in line with the last forecast in April. This is reported by Reuters based on an online event with Managing Director Kristalina Georgieva of the IMF. Georgieva warns, however, that the economic recovery strongly depends on the pace of the vaccinations. The goal of ending the pandemic by the end of 2022 will not be achieved at the current pace of vaccinations.

Existing owner-occupied houses in the Netherlands became more expensive in June 2021. Based on figures from Statistics Netherlands (CBS) and the Land Registry published on Thursday. In June, houses were 14.6% more expensive than one year earlier. The last six months the price increase in the Netherlands is accelerating. This is the largest price increase since December 2000. The price increase weakened somewhat in 2019, but picked up again in 2020.

The volume of investments in The Netherlands was 10.3% higher in May than in the same month a year earlier, as reported by CBS. Nevertheless, investments were still almost 10% lower than in May 2019. In particular, investments in homes and buildings, passenger cars and machinery increased. CBS also stated that the conditions for investments in the month of July are more favorable compared to May. This is mainly because the growth of exports has increased and because entrepreneurs were more positive about their order books.

The 6M Euribor is unchanged at -0.52% compared to previous business day. The 10Y Swap increased with 2 basis points to -0.03% 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 21 July 2021

Market Information Wednesday 21 July 2021

The German government wants to provide EUR 200 million emergency aid for areas affected by heavy rainfall last week. The money is intended to restore buildings and infrastructure and support residents. European states would also contribute EUR 200 million, according to Reuters.

Of all the investments that governments worldwide make to exit the corona crisis, only 2% goes to greening. As a result, CO2 emissions will reach a record level in 2023 and will increase further in the years to come, according to the International Energy Agency (IEA).

The U.S. recession caused by the coronavirus lasted just two months, ending with a low point reached in April 2020 after the start of a sharp drop in economic activity in March of that year, the U.S. Business Cycle Dating Committee announced Monday.

The 6M Euribor is unchanged at -0.52% 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 19 July 2021

Market Information Monday 19 July 2021

The energy ministers of the OPEC+ member countries reached an agreement on their production policy on Sunday. OPEC+ will increase production by 400,000 barrels per day every month from August until the end of September 2022. As production increases, the tightness in the oil market will be expected to ease, likely causing oil prices to decline.

U.S. corporate inventories increased 0.5 percent in May, according to figures from the Commerce Department on Friday. US retail sales also unexpectedly increased 0.6 percent on a monthly basis in June. However, US consumer confidence in the economy declined in July from 85.5 at the end of June to 80.8 in the middle of July.

According to Eurostat statistics, the eurozone trade surplus decreased in May compared to a year earlier, as exports increased less strongly than imports. In May, exports increased by 31.9 percent year-on-year to EUR 188.2 billion. Imports even increased by 35.2 percent to 180.7 billion euros. This resulted in a trade surplus of 7.5 billion euros.

The 6M Euribor is unchanged at -0.51% compared to previous business day. The 10Y Swap decreased with 1 basis point to -0.01% 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 16 July 2021

Market Information Friday 16 July 2021

U.S. import prices increased substantially in June as bottlenecks in the global supply chain persisted, the latest indication that inflation could remain elevated for a while amid strong domestic demand fueled by the economy’s reopening and fiscal stimulus. Still, prices appeared to have peaked. Import prices rose 1.0% last month after surging 1.4% in May, according to the Labor Department on Thursday. The eighth straight monthly gain left the year-on-year increase at 11.2% compared with 11.6% in May.

A European Union climate masterplan to raise the cost of pollution and eliminate emissions is a step towards making companies more sustainable. In its biggest climate package yet, the European Commission, the EU’s executive body, announced 13 policy proposals spanning energy, shipping, transport and manufacturing.

Losses on Thursday knocked European shares 1.2% off all-time highs as a combination of lower than expected earnings and falling bond yields dampened sentiment. The pan-European STOXX 600 index slipped 1%, with the oil and gas sector falling 2.7% to a six-month low.

The 6M Euribor is unchanged at -0.51% compared to previous business day. The 10Y Swap decreased with 2 basis points to 0.00% 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.