Market Information Monday 26 July 2021

Global trade rose slightly in May, according to the Central Planning Bureau on Friday in its World Trade Monitor. In May, world trade volumes rose by 0.3% on a monthly basis, after falling 0.1% in April. Global industrial production rose 1.1% in May. In April, production slowed down versus  previously expected growth of 0.2%.

UK retail sales increased both on a monthly and an annual basis in June, as reported the British Bureau of Statistics on Friday. Sales increased by 0.5% on a monthly basis. On an annual basis, an increase of 9.7% was reported. Compared to February 2020, just before the corona outbreak, sales were 9.5% higher.

Economic activity in Germany increased further in July, mainly due to record growth in the services sector. This was revealed on Friday from preliminary figures from Markit Economics. The services purchasing managers index rose from 57.5 to 62.2, the highest level since June 1997. The manufacturing index rose from 65.1 to 65.6, the highest level in three months. The composite purchasing managers index for Germany rose from 60.1 in June to 62.2 in July.

The 6M Euribor decreased with 1 basis point to -0.52% compared to previous business day. The 10Y Swap increased with 1 basis point to -0.05% 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.