The United States trade deficit has decreased in 2019 for the first time in six years. Press bureau Bloomberg announced that the deficit shrank with 1.7% to an amount of USD 616.8 billion. The lower deficit is caused by lower imports from China, which resulted from the trade war between the two countries. The decreased import of oil has also reduced the trade deficit.
According to market researcher ISM, the services sector in the United States grew more in January 2020 than in December 2019. The purchasing managers’ index for the services sector recorded a level of 55.1 compared to 54.9 a month earlier. A position of 50 or more indicates growth, below 50 indicates shrinkage.
The services industry in the Eurozone shows a lower growth in January 2020 than a month earlier. This is shown by final figures from market researcher Markit. The purchasing managers’ index for the services sector recorded a level of 52.5 compared to 52.8 a month earlier. Economists expected a level of 52.2 in January.
The 6M Euribor is unchanged at -0.34% compared to previous business day. The 10Y Swap increased with 4 basis points to 0.02% 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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