The Federal Reserve is expected to lower interest rates on Wednesday to boost the economy for the first time in more than ten years. On Friday a first estimate was published of the growth of the US economy in the second quarter. The economic growth decreased to 2.1 percent on an annual basis, from 3.1 percent on annual basis in the first quarter.
According to statistics published by the Chinese National Statistical Office the profits in the industrial sector of China decreased. Profits decreased by 3.1 percent in June, compared to the same period last year. The main causes are the suppressed demand for Chinese-made products and the trade war with the United States.
London is preparing for a no-deal Brexit. Boris Johnson took over the premiership from Theresa May on Wednesday and promised that the United Kingdom will leave the EU by October 31 at the latest. However, he is still pursuing a new agreement on the Brexit, after the British Parliament rejected the current arrangement. Michael Gove, responsible for the preparation of the Brexit, highlighted the preparations for a no-deal Brexit as the government’s key priority.
The 6M Euribor is unchanged at -0.37% compared to previous business day. The 10Y Swap decreased with 1 basis point 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.
Managed by Sluijmer Multimedia and hosted by True.