Unemployment in the eurozone decreased unexpectedly in October. According to the European statistics agency Eurostat, the unemployment rate was 8.4%, compared to 8.5% in September. Unemployment in the eurozone has been increasing since March. October is the first month since the start of the corona crisis in which unemployment declined.
The recovery of the US economy is stagnating as reported by The Federal Reserve in its Beige Book, a report that provides insight into economic activity in the US. The stagnation can partly be explained by the increasing number of infections as it affects the confidence of entrepreneurs for the near future.
In November, USD 76.5 billion in foreign money flowed into emerging markets, according to figures from IIF (Institute of International Finance). It is the largest inflow in years, showing that investors are again feeling more confident to invest in emerging markets. Positive vaccine news and clarity about the results of the US presidential election have contributed to this.
The 6M Euribor is unchanged at -0.51% compared to previous business day. The 10Y Swap is unchanged at -0.23% 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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