Activity in the construction sector in the eurozone rose sharply in May following the decline in March and April. This was reported by the European statistics agency Eurostat on the basis of an initial estimate. Monthly production rose 27.9 percent compared to April with a decline of 18.3 percent. Activity in Italy and France increased substantially.
Japan’s exports declined by more than 26 percent in June compared to a year earlier due to the corona crisis. As a result, exports have fallen by more than 20 percent for three months in a row. Because of the crisis, there is less foreign demand for Japanese-made products such as cars, auto parts and machinery. Japanese imports declined by more than 14 percent last month.
US consumer confidence in the economy declined in July compared to June, as was announced by the University of Michigan based on preliminary figures. The index was 73.2 in July versus 78.1 in June. Economists expected in general a score of 79.
The 6M Euribor decreased with 2 basis points to -0.35% compared to previous business day. The 10Y Swap increased with 2 basis points to -0.18% 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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