Market Information Thursday 2 May 2024

Activity in the American manufacturing sector turned contracted in April, according to data released on Wednesday by the Institute for Supply Management (ISM). The purchasing managers’ index (PMI) decreased from 50.3 in March to 49.2 in April. The market had anticipated an index of 50.1. The PMI as compiled by S&P Global indicated a stagnation in industrial sector activity. The index dropped from 51.9 to 50.0. An index value above 50 indicates growth, while a value below 50 signifies contraction.

The British manufacturing sector showed less contraction in April than was previously reported, according to final data released on Wednesday by S&P Global. The PMI for British manufacturing turned out to have decreased from 50.3 to 49.1, compared to a preliminary figure recorded at 48.7.

Employment in the private sector in the United States grew slightly faster than expected in April, as reported by payroll processor ADP on Wednesday. The number of jobs increased by 192,000, following a revised increase of 208,000 a month earlier. Initially, a rise of 184,000 jobs had been reported for March. Economists had forecasted a growth of 183,000 jobs. Salaries rose by 5.0 percent on an annual basis, according to the report. Employees who changed jobs saw a 9.3 percent increase.

The 6M Euribor decreased with 2 basis points to 3.82% compared to previous business day. The 10Y Swap increased with 5 basis points to 2.86% 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.