Market Information December 1st

Provisional figures published by the German Federal Statistics Office showed that the inflation in Germany in November 2015 increased compared to October 2015. The average price for consumer goods has increased with 0.3% on yearly basis, where a month earlier this increase amounted 0.2% . The inflation in Germany has now increased for two consecutive months. This is the result of rising food prices and the moderate decline in energy prices in November 2015.

The International Monetary Fund (IMF) will add the China’s Yuan to its basket of reserve currencies in October 2016. This basket forms the Special Drawing Right (SDR). The value of the SDR is now determined based on the US dollar, the euro, the Japanese yen and the British pound. The weight of the Yuan in the SDR will be higher than the weights of the Japanese yen and the British pound. It is an important step in recognition of the economic development of China.

The ‘Business Cycle Tracer’ of the Statistics Netherlands (CBS) shows that the Dutch economy is further improving. Most indicators exceed their long-term trend and they also perform better compared to October 2015. Consumer confidence is at the highest level in eight years and the outlook for investment and job development are good.

The 6M Euribor remained unchanged at -0.04%. The 10Y Swap remained unchanged at 0.86%.

In the attachment, today’s market data on money and capital market rates as well as other rates are presented. For more history of these rates or other rates feel free to ask: update@zanders.eu.