Market information Thursday 6th of August 2015

The Rabobank expects that the Dutch housing market will attract in the second half of this year. It is expected that it will increase between 2% to 3.5%. Also the housing prices will continue to increase from 2.5% to 4.5% in 2016. The result of the attracting market is the low mortgage rates and economic growth. The housing prices increase despite the strict lending standards. Also, the maximum borrowing capacity has recently been reduced.

The job growth in the U.S. is expected to decrease. The employment rate will grow less strongly in July compared to the previous month. Economists predicted 215.000 jobs, whereas in June 229.000 jobs were created. Coming Friday, the U.S. government will publish an official report on the actual employment numbers.

The trade deficit of the U.S. amounts EUR 43 billion in June. This implies a 7% increase. The U.S. export suffers due to the high exchange rate of the U.S. dollar. This makes American products more expensive on foreign markets. The high exchange rate is in favor of the import, which rose by 1.2% in June.

The 6M Euribor remained unchanged at 0.05%. The 10Y Swap increased with 6 bp to 1.08%.

In the attachment below, today’s market data on money and capital market rates as well as other rates are presented. For more history of these rates or other rates feel free to ask: