Market Information Monday 31 August 2020

Consumer confidence in the US economy increased further in August. The University of Michigan announced this based on definitive figures. The index recorded a level of 74.1 against a provisional figure of 72.8. Consumer spending in the United States also increased in July. The US Department of Commerce announced a 1.9 percent monthly growth of consumer spending.

The French economy declined at a record rate of 13.8 percent in the second quarter compared to the previous period due to the corona crisis. This was announced by final figures from the French national statistical office. It is the strongest decline since the measurements began more than 70 years ago.

German consumers have become more gloomy about the economy, as announced by Market researcher GfK. The index that reflects consumer confidence in Europe’s largest economy notes a level of minus 1.8 compared to a previous measurement of minus 0.2.

The 6M Euribor is unchanged at -0.44% compared to previous business day. The 10Y Swap is unchanged at -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.