The Chinese government has published figures showing that China’s exports and imports fell sharply in September 2019. The value of exports (in USD) fell by 3.2% compared to a year earlier, while the value of imports fell by 8.5%. The declines were the strongest since February this year and were larger than economists expected. The disappointing figures are caused by, among other things, the trade war with the US and the cooling global economy. Last Friday it was announced that China and the US negotiated a partial trade agreement.
Statistics Netherlands has reported that the economic situation in October is less favorable than in the previous month. The index that reflects the economic situation fell from 0.45 to 0.41. A score of 0 reflects the long-term trend. Of the 13 indicators that are used, 9 indicators performed better than the long-term trend. The number of bankruptcies, the industrial production, consumer confidence and exports were all lower than the long-term average.
Preliminary figures from the University of Michigan show that consumer confidence in the US increased in October 2019. The index that measures confidence rose from 93.2 in September to 96.0 in October. Economists expected a score of 92.0.
The 6M Euribor is unchanged at -0.38% compared to previous business day. The 10Y Swap increased with 4 basis points to -0.02% 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.
Managed by Sluijmer Multimedia and hosted by True.