Market Information Wednesday 13 May 2020

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.