The German research institute Ifo reports that the German business climate index in June has decreased to 97.4, compared to 97.9 in May. The business climate index indicates firms’ economic projections for the next three to six months. The value of 97.4 is in line with economists’ expectations.
Statistics Netherlands announced yesterday that the economic outlook in the Netherlands was less positive in June 2019 than in the previous month. 11 of the 13 indicators were still above their long-term trends. Both producer and consumer confidence is above the long-term average.
The World Steel Association has announced that global steel production has increased in May by 5.4% on a year-on-year basis. China produced 10% more steel than a year prior, while the United States reported a growth of 5.4%. The Dutch steel production decreased from 624,000 tonnes to 610,000 tonnes.
The 6M Euribor decreased with 1 basis point to -0.31% compared to previous business day. The 10Y Swap decreased with 3 basis points to 0.21% 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.
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