Market Information Thursday 5 September 2019

Today, Chinese Deputy Prime Minister Liu He announced that China and the United States will meet for trade talks in Washington at the beginning of October. If there will be no agreement in the trade talks, the import tariffs imposed by both countries are likely to be raised again on 15 December.

During a hearing in the European Parliament, the proposed new European Central Bank (ECB) President Christine Lagarde said that it is time for the ECB to review its policies. Lagarde promises to review the costs and benefits of controversial ECB policy tools such as negative interest rates and large-scale bond purchases, even as she signaled she would leave them in place.

According to the European Statistical Office Eurostat, seasonally adjusted retail sales in the euro area decreased by 0.6% on a monthly basis in July, following a 1.2% increase in June. Retail sales across the European Union decreased by 0.5% in July, compared to a 1.3% increase in June.

The 6M Euribor decreased with 1 basis point to -0.45% compared to previous business day. The 10Y Swap increased with 3 basis points to -0.25% 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.