Market information Tuesday January 26th

The research firm Ifo announced that the German business confidence fell sharply in January 2016. The confidence index fell to 107.3, compared to 108.6 in December 2015. Markets expected a slight decline to 108.4. German entrepreneurs are especially more pessimistic due to the weakening of the global economy.

In 2015, global steel production declined by 2.8% to 1.6 billion tons. These figures were published by the World Steel Association. Chinese steel production decreased by 2.3%, but its share of the world production rose from 49.3% to 49.5%. The steel production of Europe and the United States respectively declined with 1.8% and 8.6%.

Figures published by Statistics Netherlands showed that the total number of companies in the Netherlands grew with 5% In 2015. There were 163 thousand companies have been established against 100 thousand companies that have been terminated. The growth is mainly from small businesses, 80% of the companies consist of no more than one person. Furthermore, a quarter of the total companies is active in the services sector, making it the largest sector in terms of the number of active companies.

The Chinese stock markets closed with a big loss today. The Shanghai Composite Index fell 6.4%, while the CSI 300 index closed 6% lower.

The 6M Euribor remained unchanged at -0.07%. The 10Y Swap decreased 2 basispoints to 0.76%.

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: