Market Information Friday 27 September 2019

The United States department of Commerce announced that the economic growth of the United States was 2.0% on annual basis in the second quarter of 2019. This number is in line with earlier estimates and predictions by economists. In the first quarter of 2019 the economic growth was 3.1%. In an effort to stimulate the economy, the Federal Reserve (Fed) lowered interest rates in July and injected additional funds in the economy by purchasing debt. Experts expect that the FED will decrease the official interest rate further this month.

The United States Federation of Real Estate Agents reported that the number of home sales in the United States increased by 1.6% in August on a monthly basis compared to July. Economists expected an increase of 1.0% on a monthly basis. In July, the number of home sales decreased by 2.5% compared to June.

Statistics Netherlands stated that producer confidence decreased last month. The index decreased from 3.9 in August to 3.3 in September. However, this is still well above the 20-year average of 1.0. Producers were in particular confident about their order position, while expectations regarding activity in the next 3 months remained unchanged.

The 6M Euribor decreased with 1 basis point to -0.38% compared to previous business day. The 10Y Swap decreased with 1 basis point to -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.