Market Information Monday 4 November 2019

The European financial regulator Esma is taking measures to prevent issues with illiquid investment funds. The current rules could be interpreted differently by supervisors. The European regulator wants to close those gaps. Some countries, such as Luxembourg, are already preparing stricter supervision of investment funds. Steven Maijoor, chairman of Esma, initiates the measures to make new agreements with all 28 members.

The British economy is expected to grow at the slowest level in ten years, according to market researchers from EY. Compared to last estimate of 1.5% in July. EY is also less positive for the years after 2020, partly due to the trade barriers that will arise after a Brexit.

According to the United States Department of Labor, employment in the United States has increased considerably in October. 128,000 jobs were created last month, economists generally expected 85,000 new jobs. The jobs report is closely monitored by the financial markets, as developments in the labor market can influence the monetary policy of the Federal Reserve.

The 6M Euribor is unchanged at -0.34% compared to previous business day. The 10Y Swap increased with 3 basis points to 0.05% 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.