Market Information Tuesday 1 October 2019

Figures from Eurostat show that the unemployment rate in the eurozone has decreased from 7.5% in July to 7.4% in August, the lowest level since May 2008. In the eurozone, almost 12.2 million people are unemployed. For the European Union, unemployment was 6.2%, or about 15.4 million people. The highest level of unemployment was in Greece.

Seasonally adjusted figures from Destatis show that unemployment in Germany remained stable from August to September. The unemployment rate was 5% of the working population, in line with the expectation of economists. The amount of people unemployed decreased by 10,000 to 2.27 million.

Destatis also announced that German inflation has decreased in September to 1.2% on a year-on-year basis. Economists expected an inflation rate of 1.3%. On a monthly basis, inflation remained stable. Using the European harmonised method inflation was 0.9%, compared to 1% in the previous month.

The 6M Euribor is unchanged at -0.38% compared to previous business day. The 10Y Swap increased with 1 basis point to -0.15% 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.