Market Information Wednesday 16 August 2023

Confidence among American home builders fell in August, after rising for seven consecutive months. This was revealed on Tuesday by data from the National Association of Home Builders. The NAHB housing index fell from 56 in July to 50 this month. NAHB explained this decline by the sharp rise in mortgage rates, which are now approaching 7.0%. Construction costs are also increasing.

U.S. import prices rose in July. This was revealed on Tuesday by figures from the U.S. Department of Labor. Import prices increased by 0.4% on a monthly basis in July, while export prices increased by 0.7% on a monthly basis in July. On an annual basis, import prices decreased by 4.4% in July and export prices decreased by 7.9%.

The Federal Reserve’s index of manufacturing in the New York region decreased sharply in August. This was revealed on Tuesday by the release of the Empire State index. The index decreased from 1.1 in July to -19.0 in August, signaling that managers at industrial companies have become considerably more pessimistic about market conditions.

The 6M Euribor increased with 3 basis points to 3.96% compared to previous business day. The 10Y Swap increased with 6 basis points to 3.27% 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.