Market Information Monday 21 October 2019

British Prime Minister Boris Johnson was forced by the British House of Commons to request a deferral for Brexit. Last Saturday, the so-called Letwin amendment was adopted, which stipulates that legislation on Brexit must first be adopted before the new deal concluded last week can be voted on. Since the internal deadline for the British to confirm a deal was set on October 19, Johnson was required to request a deferral. The expectation is that the legislation and the deal will be voted on in the British House of Commons on Monday and Tuesday. The EU has meanwhile indicated that it will wait for these votes before deciding on a postponement of Brexit.

The American research firm Conference Board has reported that the outlook for the US economy deteriorated in September 2019 compared to a month earlier. The index fell by 0.1 to 111.9. Economists expected on average that the index would remain constant.

The German federal statistics agency Destatis has reported that producer prices in Germany increased by 0.1% in September 2019 compared to the previous month. The increase follows a sharp decline of 0.5% in August 2019. Economists had expected a decline of 0.1% for September.

The 6M Euribor is unchanged at -0.35% compared to previous business day. The 10Y Swap increased with 3 basis points to 0.03% 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.