Chinese stock trading was suspended today for the second day this week. After an initial drop of 5% in the CSI 300, trading was suspended for fifteen minutes. Shortly after trading was resumed prices fell to the critical threshold of -7%. As a result trading ended before 10:00 AM for the rest of the day. This so-called ‘circuit breaker ‘ was introduced in September 2015 to stimulate long-term investments and minimize turmoil.
The sales of new cars in Germany grew by 6% to 3.2 million cars in 2015, the highest level in six years, according to figures from auto industry association VDA. Domestic car production in 2015 increased by 2% to 5.7 million vehicles. Exports of German cars rose by 3% to 4.4 million cars.
Private companies in the US created far more jobs in December 2015 than expected. According to ADP, payrolls surged 257,000 compared to 198,000 expected by economists. The official nonfarm payrolls report of the US will be published on Friday.
The 6M Euribor remained unchanged at -0.04%. The 10Y Swap decreased by 3 basis points to 0.87%.
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