Market Information Friday 21 August 2020

German producer prices decreased by 1.7 percent in July 2020 compared to July 2019. This follows from figures published by the Destatis, the German statistical office, on Thursday. On a monthly basis, producer prices increased by 0.2 percent in July 2020 compared to June 2020. In June 2020, the annual decrease in producer prices was 1.8 percent, while prices remained stable on a monthly basis.

The Leading Economic Indicators (LEI) index for the US economy increased by 1.4 percent in July 2020 to 104.4. In June 2020, the index also rose by 3.0 percent. The LEI index is a business cycle indicator that shows the development of the economy in the coming six months.

The composite index for activity in the Japanese economy remained unchanged from July 2020 at 44.9 in August 2020. This follows from figures from Markit Economics and Jibun Bank. The purchasing managers index fell from 45.4 in July 2020 to 45.0 in August, while the industry index increased from 43.9 to 44.7. An index position greater than 50 indicates growth, while an index position below 50 indicates contraction.

The 6M Euribor is unchanged at -0.44% compared to previous business day. The 10Y Swap decreased with 2 basis points to -0.22% 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.