Market Information Tuesday 20 December 2022

Confidence among US homebuilders deteriorated further in December. The NAHB housing index fell for the 12th month in a row to a reading of 31 in December versus 33 in November. This was revealed Monday by data from the National Association of Home Builders (NAHB). Economists consulted in advance were expecting an index rise to 34. If the index registers above 50, home builders consider sales conditions to be positive.

The Dutch economy will grow modestly in 2023, following robust growth in 2022. This was revealed in the new Economic Developments and Outlook (EOV) of the Ducht Central Bank (De Nederlandsche Bank, DNB). DNB expects the Dutch economy to grow 4.2 percent in 2022, mainly due to the recovery in the first half of the year, after the corona recession. Since the second half of this year, the economy has been cooling. DNB expects the economy to stabilize at a modest growth rate of 0.8 percent next year, but warns for a high degree of uncertainty.

Germany’s business climate improved in December. Figures from the Ifo research institute showed on Monday that Germany’s business climate index for industry and trade rose from a revised 86.4 in November to 88.6 this month. A figure of 87.4 had been expected beforehand.

The 6M Euribor increased with 8 basis points to 2.57% compared to previous business day. The 10Y Swap increased with 3 basis points to 2.84% 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.