Market Information Monday 28 October 2019

The volume of world trade increased by 0.5% in August, compared to an increase of 1.4% in the previous month, as reported by the Central Planning Bureau (CPB). Global industrial production remained stable in August compared to the previous month.

The European Union (EU) is prepared to grant the United Kingdom a three-month extension for the Brexit, until 31 January 2020. This is evidenced by a leaked draft of the Brussels proposal. It is still an option for the British to leave the EU earlier if political approval for a Brexit deal has been received and after ratification of the deal. The proposal about the three-month extension is expected to be approved today.

The credit rating agency Fitch keeps the credit rating of the Netherlands unchanged. The agency confirms its AAA rating, the highest possible rating. Fitch states that the Netherlands has a flexible, value-adding and diverse economy.

The 6M Euribor is unchanged at -0.35% compared to previous business day. The 10Y Swap increased with 5 basis points to 0.06% 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.