Market Information Monday 13 May 2019

Figures published by the US government have shown that inflation in the United States rose to 2.0% on an annual basis in April 2019. In March 2019, inflation in the US was 1.9%. Core inflation, which does not include energy and food prices, also increased by 0.1 percentage point to 2.1%. These inflation rates are in line with the 2.0% inflation target set by the Federal Reserve.

Statistics Netherlands (CBS) has announced that the number of companies that declared bankruptcy in the Netherlands increased slightly in April 2019. A total of 315 companies and institutions declared bankruptcy. Relatively speaking, most bankruptcies were declared in the hotel and catering industry and in the transport sector.

The economy in the United Kingdom grew by 0.5% in the first quarter of 2019 compared to the last quarter of 2018. On an annual basis, growth amounted to 1.8%. According to ING analysts, higher economic growth was mainly caused by companies investing in their inventories. ING therefore expects that the higher economic growth in the UK is only temporary.

The following macro-economic figures will be published in the coming week:
Gross Domestic Product (GDP) Eurozone
Consumer Price Index (CPI) Eurozone

The 6M Euribor is unchanged at -0.23% compared to previous business day. The 10Y Swap is unchanged at 0.48% 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.