Market Information Friday 29 September 2023

Pending home sales in the United States decreased substantially more in August than initially expected, according to figures published by real estate agency NAR on Thursday. The index fell by 7.1% on a monthly basis, after an increase of 0.9% in July this year. Economists expected a decline of 1.0%. The major underlying factor is the American mortgage interest rate, which is currently above 7.0%.

Consumer price inflation in the Netherlands decreased substantially in September. On Friday, Statistics Netherlands (CBS) published a first estimate showing that the price level rose by just 0,2% on an annual basis last month. The decline was preceded by an inflation rate of 3.0% in August, of 4.6% in July and of 5.7% in June. This initial quick estimate corresponds to an absolute decline in consumer prices of 0.4% compared to August. The full inflation figures will be published by the CBS on October 10.

Figures from the Office for National Statistics showed on Friday that growth in the British economy in the second quarter has been confirmed in a new measurement. Quarterly growth in British gross domestic product increased by 0.2%. This figure follows growth of 0.3% a quarter earlier. Previously, growth of 0.1% was expected for the first quarter.

The 6M Euribor increased with 5 basis points to 4.14% compared to previous business day. The 10Y Swap increased with 8 basis points to 3.46% 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.