In the Netherlands, prices paid by consumers for goods or services increased less in April than a month earlier. This is mainly caused by low oil prices, according to Statistics Netherlands (CBS). Consumer prices increased by 1.2% year-on-year in April. In March, the increase was 1.4%.
Within the Chinese government some officials are calling for a renegotiation of the earlier trade deal with the United States. Important Chinese advisors would already press for new negotiations with the Americans to force better conditions for China, according to the Chinese newspaper Global Times on the basis of insiders. The so-called Phase 1 deal provisionally ended the trade war between the major economic powers in January. US President Donald Trump recently put relations with China on the line with remarks that he would have evidence that the new coronavirus originated in a laboratory in the Chinese city of Wuhan, where the virus first broke out. China has denied those accusations.
The number of bankruptcies in April has increased compared to the previous month. Adjusted for the number of session days, 75 more companies were declared bankrupt last month than in March, Statistics Netherlands reports. April is the first full month in which measures against the coronavirus were in place. However, according to Statistics Netherlands, the effects of the lockdown, which forced all restaurants and cafés to close down, are not or hardly visible yet. In the first four months of 2020, the number of bankruptcies was more than 3% higher than in the same period last year.
The 6M Euribor decreased with 4 basis points to -0.15% compared to previous business day. The 10Y Swap is unchanged at -0.12% 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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