The US government announced that the economy increased by 3.1% on an annual basis in the first quarter of 2019, slightly lower than the preliminary estimate of 3.2%. The adjustment is a consequence of lower investments in software and equipment. Consumer expenditure was higher than expected. Economists expected the growth number to be adjusted to 3%.
The National Association of Realtors has reported that the sale of homes in the United States decreased by 1.5% in April compared to March. Economists predicted that home sales would increase by 0.5%. In March, the sale of homes increased by 3.9%.
Market researchers Markit and Caixin reported that activity of the Chinese industry slightly decreased in May after a month of modest growth in April. The purchasing managers index (PMI) decreased from 50.1 in April to 49.4 in May, while economists expected a PMI of 49.9 in this month. The decrease is a consequence of American sanctions against the Chinese multinational Huawei.
The 6M Euribor decreased with 1 basis point to -0.25% compared to previous business day. The 10Y Swap is unchanged at 0.36% 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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