Market information Thursday 10th of October 2015

The Federal Statistical Office of Germany announced that the export decreased in October with 1.2% compared to September. The import of Germany decreased with 3.4% in October 2015. An export decrease of 0.6% and an import decrease of 1.0% were expected by analysts. Despite the negative statistics, the German export remains an important growth driver for the economy.

This morning Statistics Netherlands (CBS) announced that the inflation in the Netherlands in November 2015 increased compared to October 2015. The average prices for consumer goods have increased with 0.7% annually. The increasing prices are mainly a result of the price developments of gasoil.

The Rabobank announced on Wednesday that it will reduce its workforce by 9,000 jobs. The reorganization is needed to adjust to the changes in consumer behavior and tougher legal requirements from regulators. The reduction will take place between now and 2018.

The 6M Euribor remained unchanged at -0.03%. The 10Y Swap decreased with 1 basis point to 0.91%.

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.