Market Information Wednesday 11 December 2019

Research agency ZEW has announced that German economic confidence rose sharply in December 2019 and achieved the highest value since early 2018. The corresponding indicator rose to 10.7 points, against -2.1 in the previous month. Economists expected a value of 0.3. This is also the first positive value since April this year.

Figures from the British Office for National Statistics show that the British economy did not grow in October 2019. In September, the economy shrunk by 0.1%. Economists expected a growth figure of 0.1%. Main reason for the stagnation of the economy is the uncertainty about Brexit.

Statistics Netherlands stated that the average daily production of the Dutch industry has increased by 0.4% in October 2019 compared to October 2018. The increase is smaller than in the previous month. The production of the machine industry grew the most with 24%, while most of the other sectors shrunk compared to last year.

The 6M Euribor is unchanged at -0.33% compared to previous business day. The 10Y Swap increased with 1 basis point to 0.11% compared to previous business day.

In the attachment, today’s market data on money and capital market rates as well as other rates are presented.