The U.S. Bureau of Labor Statistics published figures on Tuesday that show the key measure of U.S consumer prices declined in April. The core consumer-price index (CPI), excluding volatile food and fuel costs, decreased 0.4% compared to March. This is the largest drop since 1957. Compared with April 2019, core CPI rose 1.4%, the smallest annual increase since 2011. The overall CPI declined 0.8% in April compared to overall CPI in March.
The National Bureau of Statistics reported on Tuesday that China’s producer price index declined 3.1% in April versus a forecasted 2.6% decline. The consumer price index increased with 3.3% in April while a 3.7% increase was forecasted. Core inflation slowed to 1.1% from a year earlier.
The U.K. economy declined almost 5.8% in March due to the lockdown according to the Office of National Statistics. Consumer spending dropped 1.7% in the first quarter, the largest drop since the financial crisis. A report by the British Retail Consortium on Wednesday showed that consumer spending has also declined even further in recent weeks with sales declining with 19.1% in April from a year earlier.
The 6M Euribor is unchanged at -0.15% compared to previous business day. The 10Y Swap decreased with 2 basis points to -0.14% 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.
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