China’s export shrank in October by 7% where a drop of 4% was reported a month earlier. The import of China fell in October by 19%. Experts, surveyed by Reuters, expected an export contraction of 3% against a decrease in import of 16%.
In line with the downgrading of the car manufacturer itself, Moody’s lowered the credit rating of the financial subsidiary of Volkswagen. It concerns the long-term obligations of Volkswagen Financial Services and Volkswagen Bank. The credit rating was lowered from Aa3 to A1 with a negative outlook. The long-term credit rating of Volkswagen AG is A3 with a negative outlook.
The average daily output of the Dutch industry was 0.7% higher in September 2015 than in September 2014, according to Statistics Netherlands. In particular, the pharmaceutical industry and the electronical equipment industry performed well at increases of 9% and 4%, respectively. The chemical industry however experienced a decrease of 5% due to a decline in outstanding orders.
The 6M Euribor remained unchanged at 0.00%. The 10Y Swap increased with 7 bp to 1.02%.
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: email@example.com.
Managed by Sluijmer Multimedia and hosted by True.