Market Information Tuesday 4 February 2020

China is considering to reduce its 2020 growth target because of the outbreak of the coronavirus. This is reported by press bureau Bloomberg based on insiders. China initially planned a growth of about 6% this year. However, with the outbreak of the virus, the growth rate will probably reach a level below 6%. The Chinese government is considering increasing the limit on the country’s budget deficit-to-GDP ratio and give out special government loans to stimulate recovery of the economy. Bloomberg adds that final decisions have not been made yet.

The industry in the United States shows growth for the first time since the summer of 2019. Figures from research firm ISM show that activity in the US industry grew in January. The purchasing managers’ index recorded a level of 50.9 against 47.2 in December.

Final figures from research firm Markit show that activity in the industry in the Eurozone decreased in January. The purchasing managers’ index recorded a level of 47.9 against 46.3 in December. A position of 50 or more indicates growth, below 50 indicates shrinkage.

The 6M Euribor is unchanged at -0.34% compared to previous business day. The 10Y Swap decreased with 1 basis point to -0.06% 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.