Market Insights
Market Information Monday 7 October 2024
French industrial production increased significantly in August, as reported by the French statistics bureau Insee. Production rose by 1.4% on a monthly basis, primarily driven by the manufacturing of pharmaceutical products. This increase followed a 0.2% rise in July. The manufacturing sector showed 1.6% production growth in August after a slight 0.2% decline in July.
In the United States, employment growth in September was much stronger than expected, according to the official U.S. jobs report released on last Friday. Substantial job growth of 254,000 last month was reported, exceeding market expectations of 150,000 new jobs. The unemployment rate fell to 4.1%, lower than the anticipated 4.2%. Average hourly earnings rose by $0.13, or 0.4%, to $35.36, with an annual wage growth rate of 4.0%, up from 3.8% the previous month. Economists had expected a 3.7% increase.
The AEX briefly surged to nearly 915 points last Friday following an exceptionally strong U.S. jobs report, but ultimately closed at 911.81 points, leaving a modest gain of 0.2%.
The 6M Euribor decreased with 2 basis points to 3.07% compared to previous business day. The 10Y Swap increased with 6 basis points to 2.43% 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.