Figures from the German Federal Statistical Office show that Germany’s exports of goods decreased more than expected in August. Monthly exports of goods decreased by 1.8% in August compared to 0.7% growth in July. Economists expected a 1% decrease in August.
According to Statistics Netherlands (CBS), the average daily output of the Dutch manufacturing industry was 0.8% lower on an annual basis in August. This is the sixth consecutive month in which production decreased. In particular, the production of chemical products, electronic appliances and rubber and plastics decreased the fastest.
According to the Financial Times, the crisis measures recently announced by President Mario Draghi of the European Central Bank (ECB) went against the internal advice of the ECB. It would have been one of the first times in Draghi’s eight years at the helm of the central bank that the internal advice was not followed.
The 6M Euribor is unchanged at -0.39% compared to previous business day. The 10Y Swap increased with 4 basis points to -0.12% 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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