Market Information Wednesday 26 February 2020

The global steel production in January 2020 is 2.1% higher than in January 2019, according to figures from the World Steel Association. The 64 countries that are a member of the association had a combined production of 154.4 million tonnes of steel. The increase is mainly caused by the increase of production in China, which is responsible for more than half of the steel production. China increased its production in January 2020 by 7.2%, compared to January 2019.

The volume of world trade increased in December 2019 by 0.3 percent in comparison to November, according to figures from the Netherlands Bureau for Economic Policy Analysis (CPB). In November world trade decreased by 0.7 percent in comparison to October.

The US market researcher Conference Board announced that US consumer confidence in the economy increased in February. The confidence indicator recorded a level of 130.7 compared to a revised level of 130.4 in January. Economists expected a level of 132.1.

The 6M Euribor is unchanged at -0.36% compared to previous business day. The 10Y Swap decreased with 1 basis point to -0.15% 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.