Unemployment in the eurozone increased to 7.8 percent in June 2020, from 7.7 percent in May 2020. This follows from figures published by statistics agency Eurostat on Thursday. Unemployment in the eurozone also increased on an annual basis, as the unemployment rate was 7.5 percent in June 2019.
New figures from the European Commission show that the consumer confidence index in the eurozone decreased to 15.0 negative in July 2020, from 14.7 negative in June 2020. On the other hand, the economic sentiment index rose from 75,8 in June 2020 to 82.3 in July 2020.
The US economy shrank by 9.5 percent in the second quarter of 2020 compared to the first quarter of 2020. This is equal to an annual contraction of 32.9 percent. Economists had anticipated an annual contraction of 34.7 percent. This is the largest contraction of the U.S. economy since the start of the current series of measurements by the Department of Commerce in 1947.
The 6M Euribor decreased with 1 basis point to -0.39% compared to previous business day. The 10Y Swap decreased with 4 basis points to -0.26% 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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