The Beige Book report from the Federal Reserve shows that the economy in the United States shows “modest growth”. The outlook is also positive. The results have been compiled from a survey among regional central banks in the US. Investors are not expecting that the results of the survey will lead to an adjusted Fed interest rate policy. The minutes of the previous policy meeting of the Federal Open Market Committee already showed that it is not likely that the FOMC will change its benchmark rates this year.
Statistics Netherlands (CBS) has reported that producer confidence in the Netherlands fell in November 2019 compared to the previous month. The index that measures confidence fell from 3.6 to 2.8. According to the CBS, entrepreneurs were especially less positive about the expected activity. In addition, the outlook on the order position was considerably lower. Producers in the wood and building materials industry were the most positive, while producers in the transport industry were the least positive.
The French National Statistical Office has reported that French consumer confidence reached its highest level in November 2019 in more than two years. The index rose from 104 in October to 106 in November. Households in France have become more optimistic about their financial situation, purchasing power and the standard of living in France.
The 6M Euribor is unchanged at -0.34% compared to previous business day. The 10Y Swap decreased with 1 basis point to 0.04% 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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