Inflation in the United States rose to 1.3 percent on an annual basis in August, compared to 1 percent in July, as announced by the US government. The rise in the average price level was slightly stronger than economists expected. They expected on average an inflation rate of 1.2 percent.
Due to the corona crisis, Dutch exports still contract, according to the Statistics Netherlands (CBS). Exports fell by 0.6 percent on an annual basis in July. However, exports have shown some recovery in comparison to the previous months.
Iraq is lowering selling prices for its crude oil to customers in Asia and the United States, following price cuts by Saudi Arabia and other producers in the Gulf region. The oil deliveries are scheduled for October. The price cuts by the oil-producing countries may indicate that oil demand is recovering less than expected from the effects of the corona crisis.
The 6M Euribor is unchanged at -0.46% compared to previous business day. The 10Y Swap decreased with 4 basis points to -0.21% 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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