Market information Thursday 24th of September 2015

Wednesday Statistics Netherlands (CBS) reported that the Dutch economy increased by 0.2% in the second quarter, compared to the first quarter of 2015. The growth is higher than the expected growth of 0.1%. Compared to the second quarter of last year, the Dutch economy increased in the second quarter by 1.8%.

The Caixin & Market announced that the Chinese manufacturing purchasing mangers’ index (PMI) fell to a level of 47.0. Compared to august 2015 the PMI dropped from 47.3 to its lowest level since March 2009. An index below 50 indicates a contraction. According to analysts the growth target of 7% will not be reached this year.

The stock market in Tokyo started with major losses yesterday. Japanese car producers have to deal with the losses in the European car sector, caused by the Volkswagen emission scandal. The stock of Toyota Motor, Volkswagen’s main concurrent, fell by 1.9%. Losses in the stock market are further caused by disappointing manufacturing industry numbers from China. Japanese investors saw the Nikkei fell by 2.8% to 17,571.83 points.

The 6M Euribor remained decreased with one basis point to 0.03%. The 10Y Swap remained unchanged at 0.98%.

In the attachment below, today’s market data on money and capital market rates as well as other rates are presented. For more history of these rates or other rates feel free to ask: update@zanders.eu.