Market Information Monday 27 September 2021

The business climate index in Germany fell in September, but slightly less than expected, according to figures from the Ifo research institute, released on Friday. The composite index for the German business climate for industry and trade fell to 98.8 in September. Economists had previously expected an index position of 98.5. In August, the index was 99.6. The sub-index for the current situation fell to 100.4 and for the future development to 97.3.

The Japanese economy reduced in September, but less than in August, according to preliminary figures from Markit published last Friday. The index, which measures the activity of the country’s services sector, stood at 47.4 in September from 42.9 in August. However, the Japanese manufacturing purchasing managers’ index fell to 48.1 in September from 51.0 in August. The composite index rose from 45.5 to 47.7. An index reading greater than 50 indicates growth, while less than 50 indicates contraction.

Consumer prices in Japan fell in August, according to government figures published on Friday. On a monthly basis, prices fell by 0.2%. On an annual basis, there was a decrease of 0.4%. Core prices, i.e. excluding fresh food and energy prices, continued to be under pressure year on year with a decrease of 0.5%, while the price level calculated without fresh food remained stable this time. The Bank of Japan is targeting inflation of 2%.

The 6M Euribor decreased with 1 basis point to -0.53% compared to previous business day. The 10Y Swap increased with 3 basis points to 0.14% 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.