Market Information Wednesday 25 March 2020

According to market researcher Markit, the economy of the United States and the eurozone have been severely affected by the corona crisis. The Markit composite output index that measures activity for the US industry decreased to 40.5 in March compared to 49.6 in February. The index in the eurozone decreased to 31.4 in March, compared to 51.6 in February.

The governments and central banks of the G7 pledge at all costs to protect the global economy from the negative effects of the new coronavirus. The focus is on fiscal measures such as supporting affected companies and entrepreneurs and promoting liquidity in the financial system. According to the G7, the global economy has become more resilient to shocks compared to the previous financial crisis in 2008.

The U.S. Department of Commerce reported that sales of new homes in the United States decreased by 4.4% on a monthly basis in February. Economists expected a decrease of 1.8%. In January, sales increased by 10.5%.

The 6M Euribor is unchanged at -0.31% compared to previous business day. The 10Y Swap increased with 5 basis points to 0.08% 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.