Market Information Friday 27 December 2019

Statistics China reports that the Chinese industry had to deal with rising profits. This is partly due to increased domestic demand. In November, profits increased by 5.4% compared to last year. In October there was still a record decrease of 9.9% on an annual basis. In the first eleven months of 2019, the Chinese industry recorded a profit decline of 2.1% compared to the same period a year earlier.

The Japanese stock exchange in Tokyo is closed slightly lower this morning. The Nikkei ended up 0.4% lower at 23,837.72 points. Japanese store sales showed a disappointing increase in November and caused some price pressure. The Japanese government also reported on the basis of preliminary figures that the production of Japanese industry decreased by 0.9% in November compared to October. The new record levels on Wall Street ensured that the stock markets gained ground elsewhere in the Asian region.

The Brexit, the trade conflict between the economic superpowers China and the United States and concerns about the global economy played a part in the reduced interest in worldwide IPOs in 2019. The number of IPOs, the so-called initial public offerings (IPOs) decreased by 19% compared to 2018. According to data from the London Stock Exchange, only 34 companies went public in London in 2019. That is the lowest number since 2009. This is a decrease of 62% compared to 2018.

The 6M Euribor decreased with 1 basis point to -0.34% compared to previous business day. The 10Y Swap is unchanged at 0.16% 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.