The United Kingdom has entered into a customs union agreement with the United States. This agreement, which contains agreements on customs formalities, makes it possible for the two parties to continue to trade freely with each other. Jesse Norman, the British Minister of Finance, sees the deal as an important agreement that ensures continuity after Brexit.
Construction production in the eurozone increased in October 2020 compared to September, when there was still a contraction. Based on figures from the European statistical office Eurostat, production increased by 0.5%. In September, production decreased 2.7%. The growth is due to increased construction of houses and buildings. Infrastructure production decreased. On an annual basis, the construction production was 1.4% lower in October.
The Federal Reserve (Fed) has not changed US interest rates. The Fed previously indicated that interest rates will remain close to 0 at least through 2023. The bond buy-back programme and bundled mortgage debt was also not affected. The main US interest rate amounts between 0.00 and 0.25%.
The 6M Euribor is unchanged at -0.52% compared to previous business day. The 10Y Swap increased with 3 basis points to -0.26% 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.
Managed by Sluijmer Multimedia and hosted by True.