The German industry has contracted more in August than previously reported. This was apparent from final figures from Markit on Thursday. The index, which measures the activity of the country’s industry, stood at 49.1 in August against 49.3 in July.
The price for a barrel of crude closed lower on Thursday, in response to the latest EIA stocks report and new lockdowns in China. EIA data showed that US implicit gasoline demand has been weak at 8.6 million barrels per day, while distillate demand fell 8% on a weekly basis to 3.6 million barrels per day, the third lowest level in 2022.
Sterling has recorded its steepest monthly decline against the dollar since the wake of the Brexit referendum against a backdrop of intensifying economic and political uncertainty. The pound fell 4.5% in August to USD 1.16 in the biggest monthly drop since October 2016. It also declined by almost 3% against the euro. The currency’s August tumble reflects the deteriorating outlook for Britain’s economy as the energy crisis deals a powerful blow to businesses and consumers.
The 6M Euribor increased with 12 basis points to 1.20% compared to previous business day. The 10Y Swap increased with 3 basis points to 2.45% 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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