Market Information Monday 28 December 2020

Dutch industrial entrepreneurs sentiment was again less negative in December, according to Statistics Netherlands. Especially the opinion about the expected activity showed improvement. Producer confidence increased from minus 3.8 to minus 0.4 in the last month of the year, the highest level after March 2020, when confidence was hit hard by the corona crisis.

China is expected to overtake the United States sooner as the world’s largest economy due to the aftermath of the corona crisis. The country is recovering from the pandemic much better than the US, according to researchers from the Center for Economics and Business Research. China will now be the world’s largest economy in 2028, which is five years earlier than previously expected.

The trade agreement between the UK and the European Union will “have a profound impact on people, businesses and public administrations”. David McAllister, the chairman of the special Brexit committee in the European Parliament, said this to the German newspaper Die Welt. “Trade between the EU and the UK will not run as smoothly as it was when we were both part of the internal market and the customs union,” he said.

The 6M Euribor is unchanged at -0.52% compared to previous business day. The 10Y Swap is unchanged at -0.24% 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.