Market Information Friday 5 July 2019

Figures from statistics agency Eurostat show that retail sales in the Eurozone decreased in May by 0.3% compared to one month earlier, while economists expected an increase of 0.3%. Sales in April were also lower than the month before. In April sales decreased with 0.1%. Sales in the whole European Union decreased by 0.4% in May, after a decrease of 0.1% in March. Decreasing sales might trigger the ECB to take further actions to stimulate the economy.

Aviation sector association IATA reports that worldwide demand for flights in April has increased by 4.5% following a similar decrease of 4.4% in March. The worldwide demand is still below the long-term average. IATA attributes the lower than average demand to a decrease in business confidence and increase in trade tensions. The worldwide average seat occupancy rate of an airliner is 81.5%.

Destatis stated that factory goods orders in Germany decreased by 2.2% in May compared to one month earlier. This decrease significantly exceeds the expected decrease of 0.2% by economists. The decrease on an annual basis is 8.6%, while a decrease of 6.2% was expected.

The 6M Euribor decreased with 1 basis point to -0.34% compared to previous business day. The 10Y Swap decreased with 3 basis points to 0.08% 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.