The head of the European commission, Jean-Claude Juncker, and the prime minister of England, Boris Johnson, announced that the UK and the EU have reached an agreement on the Brexit deal. The deal is yet to be approved by the leaders of the EU and the UK Parliament. Johnson stated that the wants to pass the deal through parliament on Saturday.
Trade talks between China and the United States progressed substantially according to a representative of the Chinese Ministry of Trade. The countries came to a partial trade deal that is still to be formalized and signed by both countries. China hopes to end the trade war and eliminate all tariffs between the countries.
According to Chinese government data, the growth of the Chinese economy decreased to its lowest level in almost 30 year during the third quarter of 2019. The growth in this quarter was 6% on an annual basis, while this was 6.2% in the second quarter of 2019. Industrial production and consumer expenses are relatively low in China. The Chinese government assumes an economic growth over 2019 somewhere between 6% and 6.5%.
The 6M Euribor increased with 1 basis point to -0.35% compared to previous business day. The 10Y Swap decreased with 3 basis points to 0.00% 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.
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