Market Information Thursday 7 September 2023
Dutch households spent more in July. This was revealed on Thursday by figures from Statistics Netherlands. Spending by Dutch households increased 0.4% year-on-year in July, following a 1.2% year-on-year increase in June and a 0.5% year-on-year increase in May. These increases are volume increases, adjusted for price changes and the composition of shopping days.
China exported less in August than in the same month last year. This was revealed on Thursday by figures from the Chinese government. Measured in US dollars, exports decreased by 8.8% year-on-year in August. In June, exports already decreased by 14.5% year-on-year. Chinese imports decreased by 7.3% year-on-year in August.
Oil prices rose for the ninth consecutive day to the highest this year. October futures for a barrel of West Texas Intermediate crude oil closed 1.0% higher on the New York Mercantile Exchange. Recently, oil prices received a boost from strong economic results in the US and decisions by Saudi Arabia and Russia to extend their production cuts until the end of this year.
The 6M Euribor decreased with 2 basis points to 3.94% compared to previous business day. The 10Y Swap increased with 3 basis points to 3.20% 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.