Market Information Friday 16 August 2024

Unemployment in the Netherlands remained stable at 3.6 percent of the labor force in July 2024, with 370,000 unemployed individuals. The number of unemployed decreased by an average of 2,000 per month over the past three months, while the number of employed individuals also declined by 2,000 per month. The UWV recorded 164,000 ongoing unemployment benefits at the end of July, 4,000 fewer than at the end of June.

Industrial production in the United States fell by 0.6 percent in July, a sharper decline than the expected 0.1 percent decrease. Capacity utilization also dropped from 78.4 percent in June to 77.8 percent in July, lower than the expected 78.5 percent. These figures were released Thursday afternoon by the Federal Reserve.

The Japanese economy grew by 0.8 percent in the second quarter, following a contraction of 0.6 percent in the first quarter, exceeding expectations of 0.6 percent growth. Annualized growth reached 3.1 percent, while the nominal economy increased by 1.8 percent quarterly and 7.4 percent annually. Consumption rose by 1.0 percent, and economists expect this growth to continue in the current quarter due to fiscal adjustments and rising real incomes.

The 6M Euribor decreased with 4 basis points to 3.40% compared to previous business day. The 10Y Swap increased with 7 basis points to 2.52% 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.