Market Information Friday 24 May 2024

In May, Dutch consumer confidence declined, according to Statistics Netherlands, with the confidence index dropping from -21 in April to -22 in May. The assessment of the economic climate became more negative, though the willingness to buy was slightly less negative. At -22, confidence was well below the twenty-year average of -10. The highest level ever recorded was 36 in January 2000, while the lowest level was -59 in September and October 2022.

The American manufacturing and services sectors grew faster in May than in the previous month, according to preliminary purchasing managers’ indices from S&P Global. The index for manufacturing rose from 50.0 to 50.9, and the index for the services sector increased from 51.3 to 54.8. The composite index reached 54.4, compared to 51.3 in April. This is the highest level in over two years.

The eurozone economy showed more growth in May, but slightly less than expected, according to preliminary figures from S&P Global. The purchasing managers’ index for the services sector remained stable at 53.3, while 53.5 was expected. The index for the manufacturing sector rose from 45.7 to 47.4, above the expected 46.1. As a result, the composite index increased from 51.7 to 52.3, slightly higher than the expected 51.8.

The 6M Euribor is unchanged at 3.78% compared to previous business day. The 10Y Swap increased with 4 basis points to 2.84% 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.