According to the European Statistical Office, Eurostat, the euro area economy increased by 0.1% in the fourth quarter compared to the previous quarter. Compared to a year earlier, the euro area economy increased by 0.9%. For the European Union, Eurostat reported a quarterly growth of 0.1% and 1.2% compared to a year earlier.
New figures provided by the Japanese authorities show that the Japanese economy contracted by 6.3% year-on-year in the fourth quarter of 2019. A tax hike caused a decline in business and consumer spending. The outlook for the economy is not very optimistic because of the outbreak of the coronavirus.
The United States is going to increase the import tax on European-built aircraft to 15% as of March 18th. At the moment, an import levy of 10% applies. The World Trade Organization (WTO) determined last year that Washington may impose USD 7.5 billion in punitive tariffs on European goods, because the EU continued to stop illegal subsidies according to the US Airbus.
The 6M Euribor is unchanged at -0.36% compared to previous business day. The 10Y Swap decreased with 1 basis point to -0.05% 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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