Statistics Netherlands has reported that unemployment in the Netherlands rose to 3.6% in May 2020. In April, unemployment was at 3.4%. The increase is lower than expected by analysts. In total, the number of unemployed people in the Netherlands increased by approximately 56,000 from February, when the corona measures were announced. Approximately 75% of this group is below 25 years of age. Unemployment in the Netherlands is now at the same level as in early 2019.
Eurostat has released final inflation rates, showing that inflation in the eurozone fell to 0.1% year-on-year in May 2020. Inflation was still 0.3% in April. The decrease is in line with previous estimates. According to Eurostat, the decrease is mainly caused by lower energy prices. Core inflation, which does not include food and energy prices, stood at 0.9% for the eurozone in May. This was the same as the figure for April.
Figures from the Japanese Ministry of Commerce show that the Japanese economy is suffering severely from the effects of the corona crisis. Japan’s exports fell 28.3% year-on-year in May 2020, the fastest pace since the 2009 financial crisis. Exports of cars and auto parts to the United States, for example, fell sharply. However, exports to China, Japan’s most important trading partner, fell less sharply than in previous months.
The 6M Euribor is unchanged at -0.21% compared to previous business day. The 10Y Swap is unchanged at -0.12% 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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