Market Information Friday 3 April 2020

The Spanish Ministry of Employment reports that since March 12, nearly 900,000 employees have lost their jobs. This figure is almost three times higher than ever before. Official unemployment rose by 300,000 to 3.54 million in March. In January 2009 unemployment rose by 200,000 people.

Producer prices in the eurozone fell by 0.6 percent in February 2020 compared to January 2020. In January, producer prices rose by 0.2 percent on a monthly basis. On an annual basis, the index decreased by 1.3 percent in February 2020. In January 2020, producer prices decreased by 0.7 percent compared to January 2019.

In the past week, the number of new claims for unemployment benefits in the United States rose to 6.6 million. This is a doubling of the number of applications compared to last week and amounts to more than 2 percent of the total working population. Until the corona crisis, the number of benefit claims in one week never exceeded 700,000. This record dated back to 1982.

The 6M Euribor increased with 1 basis point to -0.28% compared to previous business day. The 10Y Swap is unchanged at -0.04% 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.