The World Trade Organization (WTO) announced that global trade in goods increased 11.6 percent quarter on quarter in the third quarter. In the second quarter a decline of 12.7 percent was reported. The trade volume has not yet fully recovered from corona in the third quarter, compared to last year trade volume decreased with 5.6 percent.
The outlook for the US economy improved further in November, as reported by research firm Conference Board based on its index of leading indicators. The indicator increased by 0.6 percent compared to October. A month earlier, the indicator increased by 0.7 percent.
Confidence of German entrepreneurs has unexpectedly increased this month. In particular the expectations for economic recovery in 2021 contributed to the increase, according to German research institute Ifo. Ifo’s confidence index reached 92.1 for December compared to an updated 90.9 in November. On average, economists had expected a further decrease, after the indicator had already fallen in the past two months.
The 6M Euribor increased with 1 basis point to -0.52% compared to previous business day. The 10Y Swap increased with 1 basis point to -0.26% 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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