The second-quarter growth in the United States (US) economy is expected to be the worst ever. The economy is expected to shrink by 35.0%, reported by Bloomberg news agency. As usual, the quarterly US figures are presented annualized. The final figures will be announced tomorrow.
Despite the corona pandemic, European tech companies were able to attract billions in growth money. In the past quarter, EUR 9.0 billion in venture investment was made in European companies. This indicates an investment growth in the tech sector of 5.7% compared to the first quarter. Almost a third of the capital investments in the past quarter were in software companies. Corona therefore does not put a brake on venture capital in the techsector.
The average decline in turnover of Dutch exporting companies has weakened for the first time since the outbreak of the corona pandemic. The sales loss in July is 28.0%, which is less than the 30.0% of last month. This is reported by the Corona Monitor of Evofenedex, the business association for trade and logistics.
The 6M Euribor is unchanged at -0.38% compared to previous business day. The 10Y Swap increased with 2 basis points to -0.22% 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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