Market Information Friday 17 April 2020

Figures from the statistical office Eurostat show that industrial production in the eurozone decreased by 0.1 percent in February 2020 compared to a month earlier. In January 2020, industrial production increased by 2.3 percent on a monthly basis. Economists had already anticipated a 0.1 percent decline in February 2020. On an annual basis, industrial production decreased by 1.9 percent in February 2020.

The US Department of Social Affairs announced on Thursday that the number of unemployed increased by 5.2 million people in the past week. A week earlier, 6.6 million Americans registered as unemployed. Economists expected 5.1 million new applications in advance. In the past month, the total number of new unemployed in the United States has now increased to 20 million.

Preliminary figures from the Chinese government show that the Chinese economy contracted sharply in the first quarter of 2020. The gross domestic product decreased 6.8 percent on an annual basis, while economists had expected a decrease of 8.3 percent. In the fourth quarter of 2019, the Chinese economy grew by 6.0 percent on an annual basis. The economy contracted by 9,8 percent in the first quarter of 2020 versus the fourth quarter of 2019.

The 6M Euribor is unchanged at -0.20% compared to previous business day. The 10Y Swap decreased with 2 basis points to -0.09% 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.