Statistics Netherlands (CBS) has published figures which show that the volume of Dutch exports increased by 1.9% in April 2019 compared to April 2018. In the first months of 2019, the growth of Dutch exports was considerably lower. The growth was partly due to higher exports of machinery and chemical products, whilst exports of electrical equipment decreased compared to last year. The volume of imports in April 2019 was approximately the same as in April 2018.
Provisional figures from the University of Michigan show that consumer confidence in the United States fell in June 2019 compared to a month earlier. The index reflecting sentiment among American consumers decreased from a level of 100.0 in May 2019 to 97.9 this month. Economists had generally expected a score of 98.
The Russian central bank lowered its key interest rate by 0.25%-point to 7.50% last Friday. The interest rate cut was generally expected by economists. It is the first interest rate decrease in a year. In a statement, the bank explained that economic growth in Russia was lower than expected in the first half of this year and that inflation has also decreased. More interest rate cuts this year are not ruled out by the Russian central bank.
The 6M Euribor is unchanged at -0.26% compared to previous business day. The 10Y Swap decreased with 1 basis point to 0.25% 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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