Market Information Friday 25 October 2024

In October, the British economy faced a slowdown, according to preliminary figures released on Thursday by S&P Global. The composite index dropped from 52.6 to 51.7, marking the lowest level in 11 months. The Purchasing Managers’ Index (PMI) for the services sector fell from 52.4 to 51.8, while the manufacturing sector index decreased from 51.5 to 50.3. An index level above 50 indicates growth, while below 50 signals contraction.

In the United States, the manufacturing sector contracted less sharply in October, while the services sector grew slightly faster. Preliminary data from S&P Global, released on Thursday, showed that the PMI for manufacturing rose from 47.3 in September to 47.8 in mid-October. The services activity index improved from 55.2 to 55.3. As a result, the composite PMI increased to 54.3 in October, up from 54.0 in September.

The euro strengthened on Thursday after German bond yields rose, following better-than-expected macroeconomic data from Germany. The composite PMI in Germany increased to 48.4 in October, up from 47.5 in September.

The 6M Euribor increased with 2 basis points to 2.97% compared to previous business day. The 10Y Swap decreased with 5 basis points to 2.40% 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.