Market Information Thursday 5 December 2019

Statistics Netherlands reported that the consumer price index (CPI) in the Netherlands fell in November 2019 compared to the previous month. The CPI fell from 2.7% on an annual basis in October to 2.6% on an annual basis in November. Based on the harmonized European measurement method (HICP), the price index fell from 2.8% in October to 2.6% in November.

Final figures from market research firm Markit show that activity in the European services sector fell in November 2019 compared to the previous month. The purchasing managers index fell from 52.2 in October to 51.9 in November. However, the final figures for November are more positive than in an earlier forecast, when a state of 51.5 was reported. The sub-indexes for Germany and the United Kingdom in particular improved considerably compared to the earlier estimate.

Yesterday, The British pound reached its highest value against the euro in two and a half years. The price increase was largely caused by investor optimism as a result of new polls in the United Kingdom. The polls showed that the Conservatives might be heading for an absolute majority in the British parliament. This means that the chance that Boris Johnson will guide his Brexit deal through parliament has risen sharply, and the chance of a no-deal Brexit has therefore shrunk further. The British pound closed at GBP / EUR 1,183 yesterday, 0.9% higher than the day before.

The 6M Euribor increased with 2 basis points to -0.33% compared to previous business day. The 10Y Swap increased with 3 basis points to 0.09% 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.