Market Information Wednesday 15 May 2019

According to Statistics Netherlands (CBS), the Dutch economy increased by 0.5% in the first quarter of 2019 compared to the previous quarter. Mainly caused by the growth in investments in housing, buildings, infrastructure and machinery. On an annual basis, the economy increased by 1.7% in the first quarter of this year.

Last night, British Prime Minister Theresa May announced that she will again submit her brexit deal to Parliament at the beginning of June. The vote will take place at the beginning of June, regardless of whether the current negotiations with the opposition Labour Party fail. Labour demands legally binding commitments to reduce uncertainty about a possible successor to May after reaching a Brexit deal.

Since the start of the trade war with the United States (US), the growth of the Chinese economy slowed down. Retail sales in China increased 7.2% year-on-year in April from 8.7% in March, the weakest increase in nearly 16 years. In addition, China’s industrial production increased with 5.4% on a yearly basis, from 8.5% in March. Economists expected retail sales to increase by 8.6% and industrial production to increase by 6.5%.

The 6M Euribor is unchanged at -0.23% compared to previous business day. The 10Y Swap decreased with 1 basis point to 0.44% 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.