The Gross Domestic Product (GDP) of the United States (U.S.) declined in the second quarter of this year,revealed yesterday by a preliminary estimate from the U.S. Department of Commerce. The GDP decreased in the second quarter of this year by 0.9% on an annual basis. However, the economy shrank less than in the first quarter. At that time, U.S. GDP fell by 1.6%. In the fourth quarter of 2021, a growth of 6.9% was still reported.
The annualized inflation rate in Germany is 7.5% in July. This was reported by the German statistics office Destatis. This makes the inflation rate slightly lower than a month earlier, when the rate was 7.6%. On a monthly basis, consumer pricesincreased by 0.9% in July.
Consumer confidence in the Eurozone deteriorated further in July. The index reflecting confidence decreased from -23.8 in June to -27.0 in July. Confidence also declined among businesses. In the industrial sector, the index decreased from 7.0 to 3.5. Confidence in the services sector decreased from 14.1 to 10.7.
The 6M Euribor increased with 1 basis point to 0.63% compared to previous business day. The 10Y Swap decreased with 10 basis points to 1.66% 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.
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