Market Information Friday 15 January 2021

President-to-be of the United States, Joe Biden, announced a $1,900 bn bailout package to combat the effects of the corona pandemic. The support package is intended, among other things, to increase the minimum wage and the existing support checks. The package has yet to be approved by the US Congress after the upcoming inauguration.

The German statistical office announced on Thursday that the German economy contracted by 5.0 percent in 2020 compared to 2019. Economists had expected a contraction of 5.1 percent. In 2019, Germany saw a slight growth of the economy of 0.6 percent. The last contraction of the German economy took place in 2009. In that year, the gross domestic product in Germany decreased by 5.7 percent.

Import prices in the United States increased by 0.9 percent in December 2020 compared to November 2020. Economists expected an increase of 0.7 percent in advance. In November 2020, there was also an increase of 0.2 percent in import prizes on a monthly basis. This follows from figures published by the US Department of Labor on Thursday. US export prices increased by 1.1 percent in December 2020 compared to November 2020.

The 6M Euribor is unchanged at -0.53% compared to previous business day. The 10Y Swap decreased with 1 basis point to -0.24% 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.