Market information Tuesday January 19th 2016

Figures published by the Chinese statistical office showed that the growth of the Chinese economy slowed down to 6.8%, the lowest figure since 1990. China pursued a growth of 7%. The declining growth is mainly caused by the decreasing industrial production. In 2015, steel production decreased by 3.4% and the production of cement declined with 3.7%. On the other hand, retail sales still do grow strongly, as can be seen by the growth of online giants as Alibaba and

President Hollande has declared ‘economic state of emergency’ in France. France is struggling with 10.6% unemployment, the highest level in 18 years. Hollande, who is under strong pressure due to the upcoming elections, wants to tackle the structural high unemployment with a series of radical measures. He pledged assistance of EUR 2 billion in order to create new jobs. The president wants to offer premiums for smaller businesses, which will hire new employees. He also wants to maintain the 35-hour week in France.

Figures published by the Italian statistical office, ISTAT, showed that development of the trade balance of Italy has ended positively in November. For the 34th month in a row, Italy exported more than it imported. Seasonally adjusted exports increased by 3.5% on a monthly basis to over EUR 35 billion. Imports rose by 1.4%, which led to a trade surplus of EUR 4.3 billion.

The 6M Euribor remained unchanged at -0.05%. The 10Y Swap decreased 1 basispoint to 0.87%.

In the attachment, today’s market data on money and capital market rates as well as other rates are presented. For more history of these rates or other rates feel free to ask: