Dutch production continues to rise, according to figures published by Statistics Netherlands (CBS). In August, the manufacturing industry increased by 5.9 percent compared to August 2021. In July, the increase was 5.2 percent. Growth has steadily increased over the past three months, however, is slightly lower than in the preceding months.
De Nederlandsche Bank (DNB) warns for increasing losses of Dutch banks. The reasons for this are the increased risks to financial stability in the past six months. High inflation, rising interest rates, the war in Ukraine and the possibility of a recession pose risks that create an unprecedented situation. The consequence of this could be increasing losses, according to DNB.
The start of the financial annual report season is in sight, which will start next week with the first companies opening the books. Major US banks such as Citigroup, JP Morgan Chase and Morgan Stanley will start next week. These figures can provide insight into economic developments in the US and beyond.
The 6M Euribor increased with 11 basis points to 1.84% compared to previous business day. The 10Y Swap increased with 12 basis points to 3.20% 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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