Market Information Wednesday 17 June 2020

The U.S. Census Bureau reports that retail sales in May show a record 17.7 % increase from April 2020. Economists had expected an 8.4 % increase. In April, retail sales decreased 14.7 % from March 2020. On an annual basis, retail sales were down 6.1 %.

The Netherlands Bureau for Economic Policy Analysis (CPB) published the latest outlook for the Netherlands on Tuesday. In the baseline scenario the economy will shrink by 6.4 % this year and a modest recovery will take place next year with growth of 3.3 %. The new estimates assume a less favourable development than the more optimistic scenarios that were presented in March, according to director Pieter Hasekamp.

The indicator for the economic climate in Germany, according to the ZEW institute, shows further recovery in June. Economists expected a reading of 60 but the index rose to a level of 63.4 from 51 in May. The indicator for the eurozone economy as a whole has also improved, reading at 58.6 from 46 in the previous month.

The 6M Euribor decreased with 1 basis point to -0.21% compared to previous business day. The 10Y Swap increased with 1 basis point to -0.12% 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.