Market information Tuesday September 1st 2015

Eurostat, the statistical office of the European Union, reported an inflation rate of 0.2% for the third consecutive month in August within the euro area. This is mainly due to a steep decline in oil prices, resulting in considerably lower energy prices. However, food, alcohol & tobacco increased to 1.2%, compared with 0.9 % in July.

The price of US crude oil (WTI) by 5.9% to USD 47.89 per barrel, the highest point in a month. The main driver behind the increase is de decision made by OPEC to start talks with other oil-producing countries for fair pricing. The US Energy Information Administration reported that oil production has been lowered by 130,000 barrels per day from a total of 30 million barrels per day.

The uncertainty towards the Chinese economy and the monetary policy of the US will keep a hold of worlds indexes the coming weeks, according to investment advisor Ineke Valcke of Theodoor Gilissen. The investment manager index in China reported a drop to 49.7 from 50 the month before. An index below 50 indicates a decline.

The 6M Euribor remained unchanged at 0.04%. The 10Y Swap increased by 5 basis points to 1.09%.

In the attachment below, 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: update@zanders.eu.