Market Information Friday 5 June 2020

The European Central Bank (ECB) announced on Thursday that the Pandemic Emergency Purchase Programme (PEPP), which is used to reduce the economic impact of the corona virus, will be increased by €600 billion to €1,350 billion. Analysts had also anticipated an increase in the bond purchase program in advance. In addition, the ECB decided to leave the other stimulus programs and the main interest rate unchanged.

New figures from Eurostat show that the volume of retail sales in the eurozone decreased by 11.7 percent in April 2020 compared to March 2020. In March 2020, retail sales decreased by 11.1 percent compared to February 2020. On an annual basis, retail sales decreased by 19.6 percent in April 2020 compared to April 2019.

German factory orders decreased by 25.8 percent in April 2020 compared to March 2020. This follows from figures published by Destatis on Friday. In March 2020, factory orders also decreased by 15.0 percent compared to February 2020. For April 2020, economists expected a 19.1 percent decline. On an annual basis, German factory orders were 36.6 percent lower in April 2020 compared to April 2019.

The 6M Euribor increased with 1 basis point to -0.17% compared to previous business day. The 10Y Swap increased with 6 basis points to 0.00% 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.