The US economy grew with 0.1% in the first quarter of 2016. The annualized growth figure was 0.5%. Analysts expected an annualized growth rate of 0.7%. The lower growth is mainly caused by a decrease in business investments of 5.9%.
Sales prices of the Dutch industry dropped with 7.4% in April compared to one year ago, according to Statistics Netherlands. Last month sales prices dropped with 7.0% compared to March 2015. Main reason for the strong decline in sales prices are the low oil price and low prices in the petroleum and chemical industry.
The European Commission has given the Netherlands a final warning because of the slow implementation of European legislation concerning capital requirements for Dutch banks. If the Netherlands does not take proper action within two months, the European Commission will take the Netherlands to court. In a statement the Dutch Finance Ministry says that it will discuss the issues with the European Commission in order to implement the European legislation in national policy.
The 6M Euribor remained unchanged at -0.14%. The 10Y Swap decreased with 2 basispoints at 0.63%.
In the attachment, today’s market data on money and capital market rates as well as other rates are presented. For more history of these rates or other rates feel free to ask: update@zanders.eu.
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