Expectations for exports of the manufacturing sector in Germany decreased to a reading of 6.6 in October according to research institute Ifo. In September optimism among German exporters was 10.3. The decline is caused by the second pandemic corona wave that has an impact on economic developments and international trade worldwide. In April, during the first wave, the export indicator showed a reading of minus 49.2.
Durable goods orders in the United States were up 1.5 % in September from a month earlier, as reported by the US Department of Commerce on the basis of preliminary figures. In August, those orders increased by an adjusted 0.4 %. Economists had anticipated an increase of 0.5 %.
US consumer confidence declined slightly in October from a month earlier. The indicator that reflects confidence shows a reading of 100.9 in October according to market researcher Conference Board’s announcement on Tuesday. In September, the index showed a revised level of 101.3. Economists had expected an increase in confidence to a reading of 102.
The 6M Euribor is unchanged at -0.50% compared to previous business day. The 10Y Swap decreased with 3 basis points to -0.28% 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.
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