Market Information Wednesday 18 October 2023

On Tuesday it became clear that corporate inventories in the United States increased as expected last August as shown by figures published by the US Department of Commerce. Inventories rose by 0.4% in August, while an increase of 0.3% was expected. On an annual basis, corporate inventories increased by 1.0% in August. Turnovers rose by 1.3% on a monthly basis in August, while on an annual basis there was an increase of 0.2%.

Germany’s ZEW economic sentiment index improved in October, despite still being below zero. This conclusion was drawn by analysts from figures from the ZEW institute on Tuesday. The index improved from -11.4 to -1.1 in September, while the market expected an index figure of -8.5.

In the third quarter of this year, the Chinese economy grew faster than initially expected. This became clear on Wednesday from official figures from China. On a year-to-year basis, there was gross domestic product growth of 4.9%. In previous figures, the economists expected a growth of 4.5%. On a quarterly basis, China’s GDP increased by 1.3%.

The 6M Euribor decreased with 2 basis points to 4.10% compared to previous business day. The 10Y Swap increased with 7 basis points to 3.43% 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.