European statistics bureau Eurostat reports that the surplus on the current accounts of EU countries has decreased in the first quarter of 2019 compared to the same period in 2018. In the first quarter of 2019 a surplus of EUR 40.5 billion was reported, compared to EUR 58.3 billion in the same period in 2018.
According to the Dutch association for institutional investors Eumedion, shareholders increasingly voted against the proposals from the board of Dutch listed companies this year. In 2019, 14 agenda items were voted-down, while in 2018 and 2017, 5 and 8 items were voted-down respectively. Shareholders opposed to proposals to change remuneration policy and proposals to give ‘carte blanche’ to issue new shares.
The German Federal Statistical Office reports that production in the German industry has decreased with 0.3% in May, compared to the month before. In April the industrial production decreased with 2%. Economists expected an average increase of 0.4%.
The 6M Euribor is unchanged at -0.34% compared to previous business day. The 10Y Swap increased with 3 basis points to 0.11% 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.
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