Market Information Tuesday 23 June 2020

Statistics Netherlands (CBS) released figures on Tuesday showing that consumers spent 17.4 % less in April 2020 than in April 2019. This is the largest contraction in domestic household consumption ever recorded by CBS. Consumers mainly spent less on services, where spending was 24.6 % lower than a year earlier. Circumstances for consumer spending in June are less favourable than they were in April, according to the CBS Household Consumption Radar. Consumer confidence has however recovered slightly in June with a reading of -27 compared to -31 in May 2020.

According to figures released by the European Commission on Tuesday, consumer confidence in the eurozone showed a level of -14.7 in June from -18.8 in May 2020. Consumer confidence across the EU improved from -19.5 in May 2020 to -15.6 this month. Both indicators remained below their long-term averages of -11.1 for the eurozone and -10.5 for the EU.

Figures from IHS Markit and Jibun Bank show that the Manufacturing Purchasing Manager’s Index (PMI) in Japan declined to a level of 37.8 in June 2020 from 38.4 in May 2020. This is the lowest level since March 2009. The Services PMI index increased from 26.5 in May 2020 to 42.3 in June 2020.

The 6M Euribor is unchanged at -0.23% compared to previous business day. The 10Y Swap decreased with 1 basis point to -0.16% 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.