Market Information Wednesday 14 August 2019

According to figures published by the Chinese National Statistical Office, the industrial production in China increased at a lower rate in July compared to June. The production increased by 4.8% on an annual basis, compared to an increase of 6.3% in June. This growth rate fell to its lowest level since 2002.

The German Federal Statistical Office reports that the inflation in Germany in July was 1.7% on an annual basis, compared to 1.6% previous month. This slight increase is in line with the expectations of economists.

Yesterday, the European Commission applied temporary import charges on biodiesel from Indonesia. Research has shown that the Indonesian government supports biodiesel producers with tax benefits and subsidies. These import charges range from 8% to 18% and are intended to protect the European internal market against unfair competition.

The 6M Euribor is unchanged at -0.40% compared to previous business day. The 10Y Swap decreased with 2 basis points to -0.15% 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.