Market Information Monday 2 September 2019

Eurostat reported that the unemployment rate in the Eurozone remained stable at 7.5% of the labour force in July 2019. This keeps the unemployment rate at the lowest level since July 2008. For the Netherlands, Eurostat reports unemployment to be at 3.4%. The highest unemployment rate was measured in Greece (17.2%), while the lowest unemployment rate was measured in the Czech Republic (2.1%).

Last weekend, two Chinese research agencies published the industry purchasing manager indices for August 2019. The Chinese government research agency reported a decrease in the index from 49.7 to 49.5, while Markit and Caixin reported a slight increase from 49.9 to 50.4. The figures from the Chinese government focus primarily on large state-owned industrial companies, while Markit and Caixin focus primarily on private companies.

The French national statistical office has reported, based on preliminary figures, that inflation remained stable at 1.1% in August 2019. This is higher than the 1.0% that economists had anticipated. Inflation in France measured by the European harmonized method decreased to 1.2%, compared to 1.3% in July 2019.

The 6M Euribor increased with 1 basis point to -0.42% compared to previous business day. The 10Y Swap increased with 1 basis point to -0.27% 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.