The World Trade Organization (WTO) has lowered its forecast for the world trade growth in 2015 from 3.3% to 2.8%. The forecast was reduced because of the low import figures from China, Brazil and other emerging economies. If this forecast is correct, 2015 will be the fourth year consecutive in which annual trade growth has fallen below the 3%.
In the United States the private sector shows a growth in employment. According to the payroll service provider ADP companies added 200,000 new jobs in September. The U.S. Labor Department’s issues its report on Friday. It is expected that the unemployment remains unchanged at a level of 5.1%, the lowest level since April 2008.
The European Commission (EC) has presented a new initiative to encourage non-bank lending across Europe to boost the economy, especially the small and medium-sized business sector. The first steps under the new initiative are such as relaunching sound securitization markets.
The 6M Euribor remained unchanged at 0.3%. The 10Y Swap increased with 1 basis point to 0.98%.
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