Market Information Tuesday 26 November 2019

China and the US “reached consensus on properly resolving relevant issues” for a “phase one” of a trade deal. This was announced in a statement from the Chinese ministry of commerce. During a “constructive” phone call between Chinese vice premier Liu He and US treasury secretary Steven Mnuchin, both parties agreed to discuss the remaining points of the “phase one” deal. The statement did not elaborate which subjects are agreed upon.

The volume of world trade decreased in September 2019 by 1.3 percent in comparison to August, according to figures from the Netherlands Bureau for Economic Policy Analysis (CPB). In August world trade increased by 0.5 percent in comparison to July.

The International Monetary Fund (IMF) cuts GDP forecast of Japan for the third time this year. The growth forecast is reduced from 0.9 percent to 0.8 percent. The slowing global economy is the biggest driver of the reduction. The IMF advises Japan not to cut budgets in the next two years in order to support growth and inflation on the short term.

The 6M Euribor is unchanged at -0.34% compared to previous business day. The 10Y Swap increased with 2 basis points to 0.07% 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.