According to the Netherlands Bureau for Economic Policy Analysis (CPB), the volume of world trade increased by 1.9% in July compared to June, following a decline of 1.7% in June. Also, global industrial production increased 0.2% in July compared to June.
US President Donald Trump has announced that a trade deal between the United States and China could be reached much earlier. Formal negotiations between the US and China are planned for next month. Last week already exploratory talks were held, that were described by both sides as constructive.
The US Federal Reserve is ready to invest more money into the US financial system tomorrow. The central bank will invest USD 160 billion in the repo market. By doing so, the Fed aims to counter the rising interest rates in the money market and remedy the sudden lack of liquidity.
The 6M Euribor decreased with 1 basis point to -0.37% compared to previous business day. The 10Y Swap increased with 6 basis points to -0.15% 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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