Market Information Friday 25 October 2019

According to British media, the UK government will send another request for early elections to the House of Commons. Prime minister Boris Johnson wants the early elections to take place on December 12th. Johnson called on the opposition to “summon up the nerve” to let the voters decide who should take the country forward. Previous attempts on early elections were blocked by the opposition, as they first want a guarantee that there will be no Brexit without a deal.

Market researcher Markit reported economic activity in the manufacturing sector of the United States increased stronger in October than in September. The purchasing managers’ index (PMI), which reflects the increase in activity in the sector, was 51.5 in October, compared to 51.1 in September.. Economists expected a level of 50.9. In the service industry, the indicator rose from 50.9 in September to 51.0 in October. A PMI above 50 indicates growth, while a level below 50 expresses a reduction of economic activity compared to the previous month.

Market researcher Markit also reports that the activity in the German manufacturing sector decreased. In the largest economy of the Eurozone, the PMI decreased from 41.9 in September to 41.7 in October, while economists, on average, expected an increase to 42.0.

The 6M Euribor is unchanged at -0.35% compared to previous business day. The 10Y Swap is unchanged at 0.01% 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.