Market Information Tuesday 7 July 2020

Activity levels in the services sectors in the United States increased significantly in June 2020 from a month earlier, according to the Institute for Supply Management (ISM). Its non-manufacturing index surged to a level of 57.1 against 45.4 in May. Readings above 50 indicate growth. The increase was larger than expected by economists (50.2).

New figures from Eurostat show that the volume of retail sales in the eurozone increased by 17.8 % in May 2020 compared to April 2020. For the whole EU, the increase is 16.4 %. On an annual basis, retail sales decreased 5.1 % in May 2020 compared to May 2019 for the eurozone and 4.2 % for the whole EU.

Statistics Netherlands (CBS) has announced that consumer prices were higher in June 2020 than last year. Inflation was 1.6 percent in June, up from 1.2 percent in May. The rise in inflation is mainly the result of price developments of fuels, tobacco and clothing.

The 6M Euribor decreased with 1 basis point to -0.31% compared to previous business day. The 10Y Swap is unchanged at -0.16% 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.