Market Information Tuesday 14 July 2020

Production in the Japanese industry contracted by 8.9% in May compared to the previous month. This was reported by the Japanese government on the basis of final figures. As a result, the industry shrank even more than reported on the basis of preliminary figures. Earlier, there was still talk of an 8.4% decline in production. On an annual basis, industrial production decreased by 26.3%. The contraction is partly caused by the fall in demand in the car industry and the earlier closures of factories.

In May, the British economy was recovering slowly from the heavy blows caused earlier by the corona crisis. According to the British bureau of statistics, the economy grew by 1.8% that month compared to April, when it still showed a contraction of more than 20%. However, the growth was not as strong as expected, because economists expected a plus of 5.5% on average.

German inflation was 0.9% year-on-year in June, compared to 0.6% in May. The German Federal Statistical Office reported this in a final figure. On a monthly basis, inflation rose by 0.6%.

The 6M Euribor is unchanged at -0.33% compared to previous business day. The 10Y Swap increased with 4 basis points 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.