Slower growth than expected for the Chinese economy. The Chinese economy, second biggest economy of the world, grew the third quarter with 6.9 percent on annual basis. However, the drop is lower than expected according to the Chinese authorities. This is the first time that the economic growth is lower than 7 percent since 2009.
A gain in Deutsche Bank AG and positive earnings reports pushed European stocks to a two-month high. The bank rose 3.7 percent after they announced to split up its investment bank yesterday. The Stoxx Europe 600 Index added 0.3 percent to EUR 364.25 yesterday. Morgan Stanley’s shares fell as much as 4.8 percent after the bank’s profit fell for the second straight quarter.
The Dutch housing market is growing. In the third quarter of this year, house prices increased with 2.9 percent compared to last year. The increase contrasts with the retrenched regulatory measures for home-owners. Among other things, the maximum value of a mortgage loan is 103 percent of the underlying property. This is lower in comparison to the 104 percent in 2014.
The 6M Euribor remained the same at 0.02%. The 10Y Swap decreased with 2 basispoints to 0.94%.
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