Market Information Tuesday 24 September 2019

Figures published by market researcher Markit show that economic activity in the industry of the United States (US) has increased in September. The index for the US was 51.0, compared to 50.3 in August. The forecast by economists was 50.3 as well. For the eurozone, a decrease has been measured. The index for the eurozone was 45.6, compared to 47 in August. Economists expected a value of 47.3. In Germany, industrial economic activity decreased at a higher rate than the previous month. The index fell from 43.5 in August to 41.4 in September, lower than the expected value of 44. This is the lowest level since mid-2009. An index above 50 indicates growth, lower indicates a decrease. The lower economic activity is caused by the global trade tensions, the cooldown of the global economy and the uncertainty surrounding the Brexit.

Figures from Markit show that the economic activity in the services sector of the US has increased in September. The index for the US was 50.9, higher than the value of 50.7 in the previous month. Economists expected a value of 51.5. In the eurozone, a decrease has been measured. The index for the eurozone was 50.4, against 51.9 in the previous month. Economists expected a value of 51.9 for September as well. Economic activity in Germany decreased further from 54.3 to 52.5, while a value of 54.8 was expected.

Statistics Netherlands announced that the economic outlook is less favourable in September than in the previous month. In the Business Cycle Tracer published mid-September, nine of the thirteen indicators are still above their long-term average. The less favourable score is due to lower consumer confidence, while producer confidence remains the same as in the previous month.

The 6M Euribor increased with 1 basis point to -0.36% compared to previous business day. The 10Y Swap decreased with 6 basis points to -0.18% 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.