Market information Monday May 30th 2016

The economy of the United States (US) grew by 0.8%  in the first quarter of this year compared to last year. The positive figures about the economy of the US strengthened the confidence in the financial markets and that the US economy is strong enough to withstand an interest rate increase. On Friday Janet Yellen, president of the Federal Reserve, said that a rate hike in the coming months may be appropriate due to the growing economy.

Consumer confidence in the United States increased in May 2016 according to the University of Michigan. The index, reflecting consumer confidence, increased from 89.0 in April to 94.7 in May. Analysts expected an increase to 95.4 in May 2016.

Today, Statistics Netherlands (CBS) reported that in May the producer confidence index decreased compared to April, when the confidence indicator reached its highest level in five years. The confidence index decreased from 4.7 to 4.4. Statistics Netherlands indicates that the decline can be attributed to a negative perception about future productions.

The 6M Euribor decreased with 1 basis point to -0.15%. The 10Y Swap remained unchanged at 0.54%.

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.