Market Information Monday 6 January 2020

Based on preliminary figures, prices increased more than expected in December in both Germany and France. In Germany inflation increased to 1.5% on an annual basis in December 2019, according to the Federal Statistical Office of Germany. The increase was mainly caused by higher food prices. According to the France national statistics bureau, inflation increased to 1.4% on an annual basis in December, compared to 1.0% in November.

The minutes of the policy meeting in December show that the Federal Reserve currently concludes interest rate levels to be appropriate. Fed Chairman Jerome Powell stated that interest rates are likely to remain at the same level in the coming period.

The activity in the industrial sector of the United States decreased in December 2019, according to research agency ISM. The purchasing managers index (PMI) decreased from 48.1 to 47.2, compared to November 2019. For 2019 the average PMI was 51.2, this is the lowest level in ten years.

The 6M Euribor is unchanged at -0.32% compared to previous business day. The 10Y Swap decreased with 5 basis points to 0.12% 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.