Market Information Thursday 21 November 2019

A completion of ‘phase one’ of the trade deal between the US and China is possibly not signed before the end of the year. This is based on trade experts and people close to the White House according to press agency Reuters. Last month US President Donald Trump announced phase one to be signed this month. According to insiders the next important date is 15 December when new tariff rates are on the agenda in the US. When these will not be postponed, a deal of phase one is not likely to be signed in 2019.

The number of unemployed people remained stable at 3.5% in October compared to September, according to Statistics Netherlands (CBS). The total number of unemployed was 323,000 based on the labour force of 15 to 75 years. At the end of October, the benefits agency UWV issued 233,000 unemployment benefits, which is the same as in September.

Based on the minutes of the most recent Federal Reserve (Fed) policy meeting, released on Wednesday, the Fed is not expected to further decrease its interest rates. The Fed decreased interest rates in the United States for the third time this year at the end of October.

The 6M Euribor is unchanged at -0.34% compared to previous business day. The 10Y Swap decreased with 1 basis point to 0.07% 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.