Market Information Friday 30 August 2019

Destatis announced that German inflation has decreased in August 2019. The inflation was 1.4% on a year-on-year basis, compared to 1.7% in July. Economists expected inflation of 1.5% for August. On a monthly basis inflation decreased by 0.2%, after an increase of 0.5% in July. Using the European harmonized method, inflation was 1.0% on a yearly basis, against 1.1% in the previous month. Economists had forecast an increase of 1.2% for August.

Definitive figures from the American ministry of Commerce show that economic growth in the second quarter of 2019 was 2.0% on a year-on-year basis. The figure is revised downwards from 2.1%. The United States economy grew by 3.1% in the first quarter of 2019.

Statistics Netherlands announced that the output prices of the Dutch industry have increased by 0.1% in July 2019 compared to July 2018. The price increase is lower than the previous month, when prices increased by 0.3% on a year-on-year basis. Compared to June, output prices have decreased by 0.2% on a monthly basis.

The 6M Euribor decreased with 1 basis point to -0.43% compared to previous business day. The 10Y Swap increased with 2 basis points to -0.28% 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.