Market Information Tuesday 24 December 2019

China is lowering import tariffs from 1 January on 859 different goods, including pork and smartphone parts. According to Bloomberg the import of the listed items totalled approximately USD 389 billion. While the move is not directly related to the trade war with the United States, it does not harm the improved relation between the two countries. The weakening growth of the
Chinese economy and the consequences of the outbreak of African swine fever are the main reasons for the lower tariffs.

The durable goods orders in the United States have unexpectedly decreased in November by 2% in comparison to October. This is shown in a preliminary figure from the United States Ministry of Commerce. Economists expected an increase of 1.5% on the order of goods which last longer than three years. In October the orders increased by 0.2%.

The Dutch economy has grown in the third quarter by 0.4% in comparison to the second quarter, according to the second calculations of the statistics Netherlands (CBS). The growth of the gross domestic product (GDP) is mainly caused by government consumption and the trade balance. In comparison to the previous year the economy has grown in the third quarter by 1.9%.

The 6M Euribor increased with 1 basis point to -0.33% compared to previous business day. The 10Y Swap increased 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.