Market Information Wednesday 16 September 2020

Industrial production in China increased more than expected in August. According to China’s National Statistics Office, production increased with 5.6 % year-on-year compared to 4.8 % a month earlier. Economists had anticipated an increase of 5.1 %. Retail sales were up 0.5 % year-on-year, from a decline of 1.1 % a month earlier. The retail sector has been severely affected by the lockdown and sales were expected to remain the same.

German investors’ confidence in the future unexpectedly increased in September, according to the ZEW index released yesterday. Economists expected the index to decrease to a reading of 69.5 but the index increased to 77.4 from 71.5 a month earlier. The index that measures confidence in the current situation was still negative at 66.2 from minus 81.3 in August. According to the research institute, expectations for the Eurozone economy also improved in August, increasing to a reading of 73.9 from 64 in August.

According to the Federal Reserve, industrial production in the United States increased with 0.4 % in August from an adjusted 3.5 % a month earlier. Economists had anticipated an increase of 1 % on a monthly basis. The occupancy rate in the United States was reported at 71.4 % in August from a revised 71.1 % in July.

The 6M Euribor is unchanged at -0.46% compared to previous business day. The 10Y Swap is unchanged at -0.21% 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.