The number of initial jobless claims in the United States rose unexpectedly last week to 362,000. This is an increase of 11,000 from the 351,000 applications of a week earlier. Economists had instead been expecting a decline of about 16,000 to 335,000 new applications. The four-week moving average climbed to 340,000, marking the first increase in a month.
The growth of the British economy in the second quarter of this year has been revised upwards from 4.8% to 5.5%. This is shown in figures published by the ‘Office for National Statistics’. The growth is mainly driven by an increase in spending by British households, which contributes to 4 percentage points of the 5.5% growth. The British GDP is still 3.3% below the pre-corona level at the end of 2019.
German consumer prices rose by 4.1% on an annual basis in September. This is shown in preliminary figures from the German statistics office Destatis. In August, the year-on-year inflation rate was 3.9% and economists had now taken into account an inflation rate of 4.2%. According to Destatis, there are several reasons for the relatively high inflation rate. One of the most important is the “base effect”; Due to low prices in 2020, relatively high inflation is now occurring.
The 6M Euribor is unchanged at -0.52% compared to previous business day. The 10Y Swap decreased with 1 basis point to 0.16% 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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