Market Information Tuesday 24 November 2020

Listed companies need to be more explicit in their business updates about the impact of the corona crisis on their companies. The Netherlands Authority for the Financial Markets (AFM) reports in a report that this is of importance for investors. A research carried out by the AFM among 26 listed companies suffering negative effects from the corona crisis, shows that a small group does not provide any explanation. According to the AFM, a quarter of the companies examined gave a sufficient explanation.

Activity in the American industry grew faster in November than in October. This is reported by market researcher Markit on the basis of preliminary figures. Markit’s purchasing managers’ index for the industry in the US for this month noted a level of 56.7 compared to 53.4 in October. A level of 50 or more indicates growth, below 50 indicates a contraction. Economists expected a level of 53 for November.

The preliminary figures from Markit concerning the euro area, however, show a decline in industrial growth in November compared to October. For the euro area, Markit’s purchasing managers index stood at 53.6 this month, compared to 54.8 in October. The index for the euro area services sector shows a more significant contraction in November compared to last month. It stands at 41.3 in November compared to 46.9 in October.

The 6M Euribor is unchanged at -0.51% compared to previous business day. The 10Y Swap increased with 1 basis point to -0.25% 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.