Market Information Monday 7 August 2023

The employment in the United States increased less than expected in July 2023, according to the official American jobs report released on Friday. Last month saw a job growth of 187,000, falling short of the market’s expectation of 200,000 new jobs. The unemployment rate for July 2023 was 3.5%, down from 3.6% in June 2023. Economists had anticipated a stable rate of 3.6%.

Retail sales in the eurozone declined slightly in June 2023, as indicated by data from the European statistical office Eurostat on Friday. On a monthly basis, retail sales decreased by 0.3%, following a 0.6% increase the previous month. Year-on-year, retail sales in the eurozone dropped by 1.4% in June 2023, compared to a 2.4% decline in May 2023.

German factory orders increased significantly in June 2023, according to figures from the statistical agency Destatis released on Friday. In June 2023, orders increased by 7.0% on a monthly basis, after a 6.2% increase in May 2023, both adjusted for seasonal influences. On a year-on-year basis, orders in June 2023 increased with 3.0%, rebounding from a 4.4% decline in May 2023.

The 6M Euribor is unchanged at 3.94% compared to previous business day. The 10Y Swap decreased with 4 basis points to 3.15% 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.