Market Information Monday 28 September 2020

World trade grew by 4.8 percent in July compared to the previous month. This means that the recovery has slowed down compared to June, when trade rose by 7.9 percent on a monthly basis. In the eurozone, exports increased by 5.9 percent and imports by 4.1 percent. In the United States the recovery was much stronger, with an increase of 11 percent for both exports and imports.

A majority of Dutch investors expects a sharp decline of the stock markets due to a second corona wave. However, a slight majority thinks that this decline will be less severe than the decline after the first wave of the corona virus. ING reports this on the basis of a poll among investors. Despite concerns about a second corona virus wave, ING’s monthly Investor Barometer rose by four points to 102. It is the first time that the indicator was reported above 100 since April.

Durable goods orders in the United States increased 0.4 percent in August from a month earlier, based on preliminary figures from the US Department of Commerce. Economists generally assumed an increase of 1.4 percent.

The 6M Euribor is unchanged at -0.47% compared to previous business day. The 10Y Swap decreased with 2 basis points to -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.