Market information Monday January 4th 2016

China’s manufacturing industry index contracted further in December compared to November. The index posted 48.2 in December and 48.6 in November. According to Markit, this is the tenth consecutive month the Chinese manufacturing indicator has declined is shrinking. The purchasing managers index rose from 47.7 to 49.6 in December, however still indicates a contraction. Partly because of this news, the Chinese stock markets fell substantially Monday. The CSI 300 Index fell by 7%. Hereby measures, introduced Monday to avoid panic, had to be put into effect immediately by stopping the trade early.

Iran reports it intends to increase their market share in the oil market by increasing export of crude oil into two phases with one million barrels per day. Iran does not expect to disrupt the oil market with their decision. Within a week after the lifting of the trade sanctions they want to increase exports by 500,000 barrels per day and a half year later by 500,000 additional barrels.

Confidence among Dutch investors has decreased in December last year. Also, the prognosis weakened for the first quarter of 2016, reports ING. The Investor Barometer came in December at 131 where the barometer a month earlier had risen to 136.

The 6M Euribor remained unchanged at -0.04%. The 10Y Swap decreased with 5 bp to 0.95%.

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: