Figures published by the Japanese government indicate that Japan’s economy showed growth for the first time in four quarters in the third quarter of this year. According to new figures, the economy of the Asian country showed growth of more than 5% in the third quarter compared to the second quarter, in which the economy contracted by almost 8%. The increase in GDP in the third quarter was mainly due to growth in consumer spending. In the second quarter, consumer spending had decreased significantly due to the corona crisis and the state of emergency declared by the Japanese Government in May.
The Bundesbank alerts that the German economy is at risk of stagnation or even contraction in the fourth quarter. According to the German central bank, the new measures aimed at controlling the coronavirus are having a significant impact on the country’s economic recovery. However, the central bank expects the impact on the economy to be less severe than after the lockdown in March and April. Actual figures have not been mentioned.
The stock exchanges in New York closed at a profit on Monday, continuing on from last week’s profits. The Dow-Jones index and the S&P 500 increased to new record highs. Wall Street investors were positive with news of a corona vaccine from pharmaceutical company Moderna. The Dow Jones closed with a profit of 1.6% at 29,950.44 points. The S&P 500 increased 1.2% to 3626.91 points and the technology rating Nasdaq climbed 0.6% to 12,013.38 points.
The 6M Euribor is unchanged at -0.50% compared to previous business day. The 10Y Swap is unchanged at -0.22% 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.
Managed by Sluijmer Multimedia and hosted by True.