Market Information Wednesday 2 November 2022

UK manufacturing showed less contraction in October than previously measured. This was revealed by final figures from S&P Global on Tuesday. The purchasing managers’ index for UK manufacturing has decreased to 46.2 on Tuesday from 48.4 in September against an earlier report of 45.8 in October. An index above 50 indicates growth, while an index below 50 means contraction.

The number of job vacancies in the United States increased in September, after declining sharply in August. This was revealed on Tuesday by figures from the US Department of Labour. In September, the number of job vacancies stood at 10.72 million. In August, there were 10.28 million. A year ago, in September 2021, there were 10.67 million unfilled vacancies.

German exports fell 0.5% on a monthly basis in September, while imports fell even more sharply. German statistics office Destatis reported this on Wednesday. Imports fell by 2.3%. On a year-on-year basis, however, exports increased by 20.3% and imports by 30.7%. These figures are seasonally adjusted. Economists’ expectations for exports were for a 0.6% month-on-month increase and for imports a 0.1% plus. Destatis reported that exports to Russia fell 52.6% in September compared to the same period last year. Germany’s trade balance, or the sum of exports and imports, came in at a surplus of 3.7 billion euros in September.

The 6M Euribor increased with 10 basis points to 2.13% compared to previous business day. The 10Y Swap decreased with 1 basis point to 3.02% 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.