Figures from IHS Markit and Jibun Bank show that activity in the Japanese economy declined sharply in April 2020. For example, the purchasing managers index for the services sector fell from 33.8 last month to 22.8 in April 2020. This is the lowest level ever. The purchasing managers index for industry also fell, from 44.8 in March 2020 to 43.7 this month. In an explanation, Markit indicates that the “crippling effect” of the corona crisis increased in April.
Market researcher GfK has announced that consumer confidence in Germany has fallen sharply due to the coronavirus outbreak and measures to combat the crisis. The confidence measuring index fell from 2.3 in March to -23.4 in April. According to GfK, the decrease is largely due to concerns among German consumers about the loss of jobs.
The Dutch State Treasury Agency (DSTA) has announced that the Dutch state wants to raise between EUR 1 billion and EUR 4 billion on Tuesday with the reopening of two short-term and one long-term loan, as well as the issuance of a new loan. The two short-term loans mature at July 30, 2020 and January 28, 2021, respectively. The long-term loan, on which EUR 15.2 billion is already outstanding, matures at January 15, 2047. The new issue concerns a loan with a term of 1 year, until April 28, 2021.
The 6M Euribor increased with 1 basis point to -0.18% compared to previous business day. The 10Y Swap increased with 7 basis points to 0.01% 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.
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