Market Information Thursday 10 August 2023
Dutch manufacturing output decreased by 7.7% on average in June compared to the same month last year. This is according to figures from the Central Bureau of Statistics (CBS). In particular, the machinery industry experienced a notable decline in output, while the industry machinery repair and installation showed a significant increase.
The United Kingdom (UK) property market shows a significant decline in both buyer interest and sales volumes, following a notable increase in mortgage expenses. The Royal Institution of Chartered Surveyors reported a drop in its metric for agreed-upon sales, reaching a value of minus 44% in July compared to last year. The survey, which involved estate agents and property appraisers, shows this was the biggest decrease since the global financial crisis in 2009.
The price of crude oil is hovering close to its highest point in nearly nine months. West Texas Intermediate futures were around USD 84 per barrel, reflecting a 3.0% increase over the prior two days. The cause of the increase is the rising tensions between Kyiv and Moscow after a Ukrainian drone’s attack on a Russian-flagged oil tanker in the Black Sea.
The 6M Euribor decreased with 3 basis points to 3.92% compared to previous business day. The 10Y Swap increased with 2 basis points to 3.10% compared to previous business day.