Market Information Thursday 22 August 2019

Statistics Netherlands (CBS) stated that investments in tangible fixed assets have increased by 0.1% in June 2019 compared to June 2018. The increase is mainly due to increased investment in airplanes, cargo vehicles and machinery. The figures have not been corrected for working days. According to the CBS, the conditions for investments are less favorable in August than in June.

The Congressional Budget Office (CBO) announced that the budget deficit of the United States (US) will be higher this fiscal year than expected. The CBO currently expects a deficit of USD 960 billion, USD 63 billion more than forecast in May. In the fiscal year of 2020, the deficit is expected to be USD 1 trillion, two years earlier than previously forecast.

The National Association of Realtors stated that US sales of existing homes increased by 2.5% in July 2019 compared to June 2019. In June, sales decreased with 1.3%. Economists expected an increase of 2.3% for July.

The 6M Euribor decreased with 1 basis point to -0.43% compared to previous business day. The 10Y Swap increased with 2 basis points to -0.25% 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.