According to the British statistics bureau (ONS), the British economy grew by 0.3 percent in in the third quarter in comparison to the second quarter. The second quarter showed a decline of 0.2 percent. Economists expected a growth of 0.4 percent. Uncertainty on Brexit is seen as the cause of the low growth. When the economy would have declined for two consecutive quarters, the economy would have fallen into recession.
Global oil demand may peak within the next 20 years. This is published in a forecast done by industry consultant IHS Markit. According to the forecast oil demand will peak around 2035, after which it will decrease again. A second scenario assumes an earlier peak. These expectations are among other things caused by the current efforts on a transition away from fossil fuels.
Data from the Cabinet Office of Japan shows that core private-sector machinery orders decreased by 2.9 percent in September. The decrease in September follows the decrease of 2.4 percent in August. The figure on machinery orders is an important measure for the investments done by Japanese companies.
The 6M Euribor increased with 1 basis point to -0.32% 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.
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