Market Information Monday 7 September 2020

Employment in the United States has shown further recovery in the past month, after new jobs were created in June and July. Excluding the agricultural sector, the number of jobs grew by 1.37 million, according to the United States Department of Labour. Unemployment in the United States fell to 8.4 percent.

Factory orders in Germany increased again in July, but at a lower rate than expected. According to the German national statistics office, orders were 2.8 percent higher. Economists generally assumed an increase of 5 percent.

The Turkish lira declined sharply again on Friday due to the financial turmoil in Turkey. High inflation, food and transport become more expensive for citizens, and the economic concerns caused by the corona pandemic, contributed to the decline. The ongoing territorial dispute between Turkey and neighbouring Greece also added to the pressure on the currency.

The 6M Euribor decreased with 1 basis point to -0.46% compared to previous business day. The 10Y Swap increased with 3 basis points to -0.19% 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.