Market Information Monday 2 October 2023

In September, both the Chinese industry and the service sector continued to grow, albeit at a slightly slower pace. The purchasing managers’ index for the Chinese industry dropped from 51.0 in August to 50.6 in September, but this still marks the second consecutive month of growth.

A last-minute American government shutdown was averted as the U.S. Senate approved a bill allowing the government to remain open for at least another 45 days. President Joe Biden announced that he had signed the resolution. For House Speaker McCarthy, this decision brings weeks of suspense with a potential impeachment procedure because of this bill.

According to final figures from the University of Michigan released last Friday, it appears that American consumer confidence in the economy declined less significantly in September than initially indicated by preliminary data. The index was estimated at 67.7 but came in at 68.1. Simultaneously, inflation, initially reported at 3.1%, has cooled slightly less than the originally reported 3.2%.

The 6M Euribor decreased with 1 basis point to 4.13% compared to previous business day. The 10Y Swap decreased with 7 basis points to 3.39% 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.