A meeting has taken place yesterday in Bangkok between the US Secretary of Commerce Wilbur Ross and Chinese prime minister Li Keqiang. Ross announced, corresponding with Donald Trump last week, that the US and China are close to signing the first phase of a trade agreement. The signing was expected at the climate summit in Chile. However, not that the climate summit has been cancelled, Trump expects that the agreement will be signed soon in the US.
Market researcher Markit reported economic activity in the Eurozone has decreased in October. The purchasing managers’ index (PMI), which reflects the increase in activity in the sector, was 45.9 in October, compared to the expected level of 45.7. A PMI below 50 expresses a reduction of economic activity.
According to the US Department of Commerce, the manufacturing orders in the US in September have decreased with 0.6 percent compared to August. Economists expected a decrease of 0.4 percent. In August the orders decreased by 0.1 percent compared to July.The 6M Euribor decreased with 1 basis point to -0.35% 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.
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