Market Information Thursday 14 November 2019

Destatis has reported that economic growth in Germany amounted to 0.1% on a quarterly basis in the third quarter of 2019. The growth was unexpected by analysts, who on average expected growth to be -0.1%, That would have meant that Germany had entered a recession. The German government did, however, lower its growth expectations for 2020 as a result of protectionist measures taken by countries worldwide.

Figures from the Chinese national statistical office show that industrial production grew less strongly in October 2019 compared to September 2019. Production growth in October was 4.7% on an annual basis, compared to a revised 5.8% in September. Economists had predicted an average production growth of 5.4%. The low production growth is attributed to the trade dispute that China has with the United States.

According to figures from the Japanese government, the growth of the Japanese economy fell sharply in the third quarter of 2019. The growth amounted to 0.2% on an annual basis. Economists anticipated a growth of 0.9%. The lower growth figures were caused, among other things, by the trade dispute between the United States and China, the country’s two most important trading partners, and lower international demand.

The 6M Euribor is unchanged at -0.33% compared to previous business day. The 10Y Swap decreased with 4 basis points to 0.10% 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.