Market Information Tuesday 22 November 2022

The economy of OECD countries grew 0.4 percent in the third quarter, compared to a quarter earlier. With this, growth remains weak for the third quarter in a row, with 0.5 percent growth in the second quarter. Japan and the United Kingdom experienced contraction, the United States returned to 0.6 percent growth after two quarters of contraction, and Germany’s growth picked up from 0.1 to 0.3 percent.

The Chicago Fed National Activity Index returned to negative territory in October after rebounding in previous months. The index fell from +0.17 in September to -0.05 last month. In August, the index was still at +0.10. A positive index indicates growth above the historical average. If the index is negative, it implies growth below trend.

House prices in the Netherlands are increasing at a lower pace. Home prices rose again year-on-year in October, but the year-on-year increase slowed further. Existing owner-occupied houses were 7.8 percent more expensive in October than a year earlier. A month earlier, the increase was 9.4 percent, and in August it was 11.9 percent.

The 6M Euribor increased with 5 basis points to 2.34% compared to previous business day. The 10Y Swap decreased with 3 basis points to 2.74% 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.