Market information Monday February 29th 2016

At the G20 summit this weekend the finance ministers and central bankers reduced worries about a currency war by insisting that exchange rate policy will not be used to boost growth. Central banks have agreed to inform each other closely on possible monetary policy actions.

In February 2016, German consumer goods prices are 0.2% lower than a year earlier. In January 2016 the prices were still 0.4% higher. Analysts had expected an unchanged position compared to February 2015. In France and Spain, the price level fell by respectively 0.1% and 0.9%. The new disappointing inflation figures feed speculation that the ECB will consider further monetary easing.

Figures published by the Japanese government show that the that Japanese industrial production rose in January 2016. Industrial production rose by 3.7% in January, compared to 3.3% expected by analysts. Although the figures are better than expected, the production figures are volatile, hence there is no clear upward trend to be observed.

The 6M Euribor remained unchanged at -0.13%. The 10Y Swap decreased 1 basispoint to 0.53%.

In the attachment, today’s market data on money and capital market rates as well as other rates are presented. For more history of these rates or other rates feel free to ask: update@zanders.eu.