Market Information Wednesday 27 November 2019

The trade war between China and the US has a significant impact on the Chinese industry. This is shown by figures from the Chinese national statistics bureau. Profits of the Chinese industry decreased by 9.9 percent in October in comparison to the year before. In September profits decreased by 5.3 percent. The decrease in October was the largest decline in profits measured since 2011. October is the third month in a row in which the profits decreased.

Consumer confidence in the US decreased in November compared to October, according to preliminary figures published by market researcher Conference Board. The indicator decreased to a level of 125.5, compared to a level of 126.1 in October. Economists expected an increase to a level of 127.

The stock exchanges in New York closed at new records heights yesterday. The positive news on a “consensus” in the trade negotiations between China and the US is the biggest driver of the new records. The S&P 500 increased by 0.2 percent to 3,140.52 points, the Dow-Jones by 0.2 percent to 28,121.68 points and the Nasdaq also increased by 0.2 percent to 8,647.93.

The 6M Euribor is unchanged at -0.34% compared to previous business day. The 10Y Swap decreased with 2 basis points to 0.05% 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.