The Chinese export decreased in February 2016 with 25.4% compared to February 2015. The Chinese import decreased in February with 14.0%, leaving the Chinese trade surplus of USD 32.6 billion. Analyst were expecting an average decrease of 12.0%.
This morning, the Federal Statistical Office of Germany, announced that the industrial production of Germany increased in January 2016. This performance was supported by improvement in the production of capital goods and construction. The production increased by 3.3% on a monthly basis and 2.2% on a yearly basis. Analysts were expecting an increase of 0.5% in January.
The Statistics Netherlands (CBS) reported that the Dutch economy is expected to grow with 1.8% in 2016 and with 2% in 2017. The stable economic growth expectations are a result of the slight decrease of the employment rate and a decrease of the price of gasoil.
The 6M Euribor remained unchanged at -0.14%. The 10Y Swap remained unchanged at 0.57%.
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