Market Information Wednesday 1st of May, 2016

According to the statistical office of the European Union Eurostat, annual inflation in the Eurozone is expected to be -0.1% in May 2016. In April 2016 Eurostat reported an annual inflation of -0.2%. According to Eurostat, inflation suffers from the low oil prices in particular. If the recent rise in oil prices continues, inflation is expected to rise. Core inflation, which does not include energy and food prices, is expected to be 0.8% in May.

In May 2016, Germany’s unemployment rate fell to a record low, the Federal Labour Office said yesterday. Unemployment fell by 11,000 from 6.2% in April to 6.1% in May. Unemployment has never been so low since Germany’s reunification in 1990.

The British referendum on a possible British exit from the European Union continues to impact financial markets. According to a poll published by the Guardian on behalf of ICM Research, public opinion has shifted towards the UK leaving the EU. Immediately after publication yesterday, the British Pound lost 0.5% against the Euro. So far, most other polls tended to show that the majority voters are in favour of Britain staying in the EU.

The 6M Euribor remained unchanged at -0.15%. The 10Y Swap decreased with 3 basispoints to 0.54%.

In the attachment, today’s market data on money and capital market rates as well as other rates are presented. For more history of these rates or other rates feel free to ask: