Market Information Friday 22 October 2021

In August 2021, the volume of investments in tangible fixed assets in the Netherlands was 0.6% smaller than , figures from Statistics Netherlands (CBS) show. Compared to the volume in 2019, investments were 20 percent lower this year. The outlook for October does not look promising either. The CBS investment radar shows that conditions in financial markets and sales markets are worse than in August.

The Turkish central bank unexpectedly revised its policy interest rate downward from 18% to 16%. The bank indicated that it sees little room for making such an adjustment again in the short term. Currently, Turkey has an annual inflation rate of 20%, while it aims for 5%. After the announcement, the exchange rate of the Turkish lira with the U.S. dollar fell again to a record low: with one lira now worth 0.10 dollar.

Between October 9 and 16, 290,000 initial jobless claims were filed in the United States. Economists were expecting 300,000 new applications, but the number unexpectedly fell by 6,000 compared to a week earlier. The number of applications reached the lowest point since March 14 2020. The four-week moving average also fell to its lowest point since March 2020, namely 319,750.

The 6M Euribor decreased with 1 basis point to -0.53% compared to previous business day. The 10Y Swap increased with 3 basis points to 0.28% 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.