Joe Biden is slowly paving the way to victory. Biden currently has 264 electors in his camp, against 214 electors of President Donald Trump. Biden therefore needs another 6 electors to obtain the required number of 270 electors. However, the concern about the absence of the result of the elections is increasing. Demonstrators have taken to the streets at various locations and arrests are reported. Donald Trump is trying to stop vote counting and has filed lawsuits in Georgia, Pennsylvania and Michigan to force states to stop counting votes.
Prices of goods and services in the Netherlands increased on average by 1.2% in October 2020 compared to a year earlier. This is reported by Statistics Netherlands (CBS) in the monthly figures on monetary depreciation. As in September, it was mainly the prices for clothing that drove up inflation.
Employment in corporate America grew less than expected in October. According to pay slip processor ADP, 365,000 jobs were added. Economists had expected on average plus 650,000 jobs. Compared to September, when 753,000 jobs were added, the numbers disappointed.
The 6M Euribor is unchanged at -0.51% compared to previous business day. The 10Y Swap decreased with 2 basis points to -0.27% 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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