Market Information Monday 19 August 2024

The trade surplus of the eurozone increased in June to 22.4 billion euros, compared to 18.0 billion euros a year earlier. In May, the surplus was 14.0 billion euros. Exports fell by 6.3 percent to 236.7 billion euros, while imports decreased by 8.6 percent to 214.3 billion euros.

Japan is introducing stricter regulations on foreign investments in chip production equipment to protect the national supply chain and prevent military abuse of technology. Investors are required to report investments of more than 1% in relevant companies. Japan is aiming to strengthen its own chip industry and is working with the US and the Netherlands to limit the export of chip technology to China.

According to the Bureau for Economic Policy Analysis the Dutch economy is growing slowly, with expected GDP increases of 0.6 percent in 2024 and 1.6 percent in 2025, following a minimal growth of 0.1 percent in 2023. However, government finances are deteriorating, with a rising budget deficit close to the European limit of 3 percent of GDP. Unemployment is expected to slightly increase to 3.9 percent in 2025, while purchasing power is expected to recover with a 2.5 percent increase this year and 1.1 percent in 2025. Inflation is projected to decrease from 4.1 percent in 2023 to 2.8 percent in 2025.

The 6M Euribor decreased with 2 basis points to 3.38% compared to previous business day. The 10Y Swap decreased with 1 basis point to 2.51% 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.