Market Information Thursday 15 August 2024

The Dutch economy grew by 1.0 percent in the second quarter of 2024 compared to the first quarter of 2024, Statistics Netherlands reported on Wednesday. In the first quarter, the economy contracted by half a percent. The increase in GDP in the second quarter is mainly attributed to the export of goods. Investments and government consumption also contributed positively to the growth. The rise in goods exports is related to the growth of the industry.

Consumer prices in the United Kingdom rose slightly less in July than expected, but still more than a month earlier. This was revealed Wednesday by figures from the ONS statistics agency. On an annual basis, prices increased by 2.2 percent. The expectation was 2.3 percent. In the previous month, the price level increased by 2.0 percent. Prices fell by 0.2 percent month-on-month after a 0.1 percent increase a month earlier. A decline of 0.1 percent had been expected.

The economy in the eurozone slightly increased in the second quarter of 2024 compared to the first quarter, according to preliminary figures from Eurostat published on Wednesday. In the past quarter, the economy grew slightly by 0.3 percent compared to the previous quarter. The increase was also 0.3 percent in the first quarter. The figures for the second quarter were in line with economists’ expectations. On an annual basis, the economy in the eurozone increased by 0.6 percent in the second quarter.

The 6M Euribor decreased with 1 basis point to 3.44% compared to previous business day. The 10Y Swap decreased with 1 basis point to 2.45% 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.