Market Information Friday 23 August 2019

Research institute Markit announced that economic activity in the US industry decreased slightly, based on preliminary numbers. In August the purchasing managers’ index (PMI) reached a score of 49.9, while the PMI in June was 50.4. Economists did not expect this change and predicted a PMI of 50.5 in August. A PMI above 50 indicates growth. The PMI for the services industry decreased from 52.6 in July to 50.9 in August.

The European Commission (EC) stated that consumer confidence in the Eurozone has decreased in Augustus compared to July. The indicator, used by the EC to measure confidence in the economy by consumers, decreased from – 7.4 to -7.2 this month. Economist expected a level of – 7.1.

Figures published by the Japanese Bureau of Statistics show that Japanese core inflation in July was 0.6% on a yearly basis, equal to the core inflation in June. This is in line with the expectations of economists. The Bank of Japan targets an inflation of 2.0%. The consumer price inflation was 0.5% in July, a slight decrease with respect to 0.7% in June.

The 6M Euribor increased with 1 basis point to -0.42% compared to previous business day. The 10Y Swap increased with 5 basis points to -0.20% 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.