The second estimate by the US Department of Commerce shows that the US economy contracted by 5.0 percent in the first quarter of 2020 compared to the fourth quarter of 2019. The first estimate showed a contraction of 4.8 percent. In the fourth quarter of 2019, the US economy grew by 2.1 percent compared to the third quarter of 2019.
New figures from Statistics Netherlands show that prices in the Dutch industry decreased by 8.2 percent in April 2020 compared to April 2019. In March 2020, prices for industrial products were 3.8 percent lower compared to March 2019. On a monthly basis, prices in the industry fell by 3.1 percent in April 2020, compared to March 2020. This decrease is mainly caused by falling prices of crude oil.
According to figures released by the Japanese government on Friday, Japanese consumer confidence index increased to 24.0 in May 2020, from 21.6 in April 2020. In addition, the Japanese Ministry of Trade and Industry published new figures showing that industrial production decreased by 9.1 percent in April 2020 compared to March 2020. On an annual basis, production in the Japanese industry decreased by 14.4 percent in April 2020 compared to April 2019.
The 6M Euribor decreased with 2 basis points to -0.15% compared to previous business day. The 10Y Swap is unchanged at -0.11% 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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