Credit rating agency Moody’s downgraded the prospects for the creditworthiness of Great Britain, because of the Brexit. Moody’s lowered the British credit outlook from stable to negative. The decision to leave the European Union led to “policy paralysis” and lowered the predictability of the British government. The rating remains at Aa2.
Wholesale stocks in the United States decreased by 0.4% in September 2019 compared to August 2019, according to final figures published by the US Department of Commerce.
Inflation in China increased by 3.8% on an annual basis in October 2019, this brings the inflation to the highest level in almost eight years. The increase is partly due to the sharp rise in pork prices due to the outbreak of African swine fever in the country. In September 2019, inflation was 3.0%.
The 6M Euribor increased with 1 basis point to -0.33% compared to previous business day. The 10Y Swap decreased with 2 basis points to 0.14% 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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