According to the Central Bureau of Statistics (CBS), the preliminary Dutch year-on-year inflation rate is 4.6% in July. This indicates that prices are rising more slowly than in June, when inflation stood at 5.7%. The decrease is mainly caused by lower energy costs. Food prices rose 11.6% in July, down from 12.6% in June.
According to the U.S. Bureau of Labor Statistics, compensation for civilian employees increased 4.5% in June compared to a year ago. During the same period in the previous year, compensation increased by 5.1%, indicating a slight moderation in the rate of growth. Wages and salaries (a component of total compensation) increased 4.6% from a year ago.
The price of a barrel of crude oil reached its highest point in three months on Friday. On a weekly basis, oil prices increased 4.6%. The price is increasing because the fear of an economic recession has decreased. Additionally, Saudi Arabia’s decreased production in July and August by 1 million barrels per day (about 1% of total global production).
The 6M Euribor increased with 2 basis points to 3.97% compared to previous business day. The 10Y Swap increased with 1 basis point to 3.08% 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.
The Dutch house prices remained almost unchanged in June 2023 compared to May 2023, but decreased as much as last month on an annual basis. This was reported by the Central Bureau of Statistics on Monday. The prices were 5.5% higher in June than a year earlier.
The business activity in the Japanese industry has further declined. This was revealed on Monday by preliminary figures from S&P Global and Jibun Bank. The Purchasing Managers’ Index (PMI) decreased from 49.8 in June to 49.4 in July. “Business activity in the Japanese private sector has risen for the seventh consecutive month,” said Usama Batthi of S&P Global Market Intelligence.
Retail sales in the United Kingdom increased more than expected in June. This was revealed on Friday by figures from the British Office for National Statistics. The volumes increased by 0.7% on a monthly basis, following a growth of 0.1% in May. Economists had anticipated a rise of 0.2% for June. On an annual basis, there was a volume decrease of 1.0% in June, contrary to analysts’ expectations of a 1.5% increase.
The 6M Euribor increased with 1 basis point to 3.95% compared to previous business day. The 10Y Swap decreased with 2 basis points to 3.08% 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.
