Market Insights
Market Information Tuesday 3 September 2024
The contraction in the eurozone’s manufacturing sector stabilized in August, with the Purchasing Managers’ Index (PMI) remaining unchanged at 45.8. Although a drop to 45.6 was initially expected, the index held steady. The situation is deteriorating rapidly according to analysts, and with a slowdown in new orders, there is little prospect of short-term improvement. An index below 50 indicates contraction.
The UK manufacturing sector grew faster in August, with the PMI rising from 52.1 to 52.5, the highest level in 26 months. An index above 50 indicates growth.
China’s manufacturing sector saw slight growth in August, with the PMI increasing from 49.8 in July to 50.4. This follows a contraction in July, the first in nine months.
The 6M Euribor decreased with 2 basis points to 3.36% compared to previous business day. The 10Y Swap increased with 3 basis points to 2.57% 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.