The European Investment Bank (EIB) will refrain from investing in projects related to fossil fuels, such as oil and gas, from the end of 2021. The board of the EIB announced this when presenting a new energy investment strategy. The focus will be shifted to cleaner energy, efficiency and renewable energy technologies. EIB Vice President, Andrew McDowell, reported that the decision to abandon fossil investments was made with “overwhelming support.”
Producer prices in the United States (US) increased by 0.4% in October 2019 compared to the previous month, according to figures published by the US Department of Labor.
The size of the Dutch economy increased in the third quarter. Compared with the second quarter, gross domestic product (GDP) increased by 0.4%. This is equal to the growth in the two previous quarters. Compared to the third quarter of 2018, GDP increased by 1.9%. According to Statistics Netherlands (CBS), this is mainly caused by the increased consumer spending. Consumers spent 1.6% more in total, compared to the third quarter in 2018.
The 6M Euribor decreased with 1 basis point to -0.34% compared to previous business day. The 10Y Swap decreased with 4 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.
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