Market Information Tuesday 8 December 2020

As a result of the continuing uncertainty caused by the corona crisis, the European Central Bank (ECB) is urging an extension of the bank dividend ban for another six months, as reported by Bloomberg. European banks actually expected to be able to pay out dividends again at the beginning of next year. Last year, the share prices of many European banks declined as a result of the dividend ban.

The production of German industry increased substantially in October. Figures from the German Federal Statistical Office show that the recovery of the sector continued after the increase in September. Production increased by 3.2% compared to September. In September production increased by 2.3%. On an annual basis, industrial production in October 2020 was 3% lower than in October 2019.

Prices of goods and services in the Netherlands were on average 0.8% higher in November than a year earlier. Inflation was lower than in September and October, according to Statistics Netherlands (CBS). In October the inflation rate was still 1.2% and in September 1.1%. In those two months, inflation increased after reaching its lowest level of 0.7% in almost four years in August.

The 6M Euribor is unchanged at -0.51% compared to previous business day. The 10Y Swap decreased with 2 basis points to -0.26% 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.