Last week, around fifty Dutch financial institutions, representing EUR 3000 billion of loans and investments, have launched a climate-programme. The program states that the institutions will measure the CO2 levels of their portfolios and that their clients should bring down their emission levels by at least 49% in 2030. Parties that do not comply can face difficulties with raising new funds at these institutions.
Chinese imports and exports decreased with 7.3% and 1.3% respectively in June. Economists expected a decrease of 4.6% and 1.4% respectively. Experts state that the decrease is caused by the American import tariffs and weak local demand.
Statistics Netherlands state that Dutch retailers reported an increase in sales of 3.1% in May compared to a year earlier. In the food sector sales decreased with 0.4%, in the non-food sector sales increased with 3.5% and online sales have increased with 19.6% compared to a year earlier.
The 6M Euribor decreased with 1 basis point to -0.34% compared to previous business day. The 10Y Swap increased with 2 basis points to 0.24% 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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