The economic recovery in the eurozone is hesitant. The activities of the purchasing managers are increasing, but at a lower rate in August than in June and July. The Markit purchasing managers index for the eurozone declined to 51.6 in August, from 54.9 in July. The numbers confirm that the eurozone has not recovered yet.
The Chinese economy is expected to grow this year despite the impact of the corona crisis. Prime Minister Li Keqiang confirmed this on Chinese state radio Sunday. In the second quarter, the Chinese economy grew by 3.2 percent compared to a year earlier. In the first quarter of this year, a record decline of 6.8 percent was reported.
According to the European Commission, consumer confidence in the eurozone improved slightly in August compared to a month earlier. The index used to measure confidence in Brussels increased to minus 14.7 from minus 15 a month earlier. The indicator is back at the level of June.
The 6M Euribor is unchanged at -0.44% compared to previous business day. The 10Y Swap is unchanged at -0.22% 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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