Market Information Friday 11 October 2019

According to The Office for National Statistics the UK economy slightly contracted. The economy contracted by 0.1% in August compared to July, while the economy grew by 0.4% in July. A cause is the persistent uncertainty regarding the Brexit that especially affects British industry. UK producers are reluctant to invest due to this uncertainty. Industrial production was 0.6% lower in August, while analysts had expected an increase of the production.

Figures from the US government show that inflation in the United States in September remained stable at 1.7% on annual basis, while economists expected an increase to 1.8% compared to the previous month. The core inflation, i.e. the inflation without the strongly fluctuating prices of energy and foods, was 2.4% on an annual basis.

Statistics Netherlands reports that the Dutch export has increased by 2.5% in August 2019 compared to August 2018. Especially the export of petroleum and chemical products increased, while the export of electronics decreased. The import volume was 0.8% higher than last year.

The 6M Euribor increased with 1 basis point to -0.38% compared to previous business day. The 10Y Swap increased with 6 basis points to -0.06% 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.