Market Information Thursday 24 October 2019

The activity in the Japanese industry in October decreased the most in more than three years. The so-called Jibun Bank purchasing manager index for the industry indicated an index of 48.5 for October, is the lowest level since June 2016. An index below 50 indicates a decrease in industrial activity. This contraction is partly caused by lower global economic growth and a tax increase on consumer goods.

Consumer confidence in the Eurozone decreased in October compared to September, according to preliminary figures published by the European Commission. The indicator decreased to a level of – 7.6, compared to a level of – 6.5 in September.

Based on figures published by Statistics Netherlands (CBS) yesterday, large Dutch companies paid a quarter less profit tax in the past decade. The effective tax rate for large companies decreased from 22.9% in 2008 to 17.1% in 2017, while the nominal rate remained virtually unchanged.

The 6M Euribor is unchanged at -0.35% compared to previous business day. The 10Y Swap decreased with 3 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.