According to credit rating agency Moody’s, households around the world have saved an extra $5.4tn since the coronavirus pandemic began and are becoming increasingly confident about the economic outlook, paving the way for a strong rebound in spending as businesses reopen. In the first quarter of this year the Conference Board global consumer confidence index hit its highest level since records began in 2005, with significant uplifts in all regions of the world.
Brexit has led to structural changes in London City. Hundreds of companies have moved to the EU. The big banks have moved £ 900 billion in assets. According to a study by the British think tank New Financial, this shift will also affect the balance of power over time. Dublin managed to attract most Brexit refugees. Amsterdam is number five on the list after Paris, Luxembourg and Frankfurt. The Dutch capital welcomed 41 European headquarters and an additional six branch offices; together they account for 9% of all removals.
After positive monthly reports from OPEC and the International Energy Agency, the WTI oil price rose by 6% overall last week, supported by strong Chinese economic data.
The 6M Euribor is unchanged at -0.51% compared to previous business day. The 10Y Swap increased with 3 basis points to 0.08% 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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