Economic confidence in the eurozone improved slightly in September compared to a month earlier according to the European Commission. The confidence index increased to a reading of 91.1, compared to 87.5 in August. The increase was higher than economists had anticipated. They had expected a reading of 89. According to the committee, the strongest increase in confidence was seen in the services sector, with a smaller increase for industry and retail.
US consumer confidence in the economy also increased sharply in September, according to market researcher Conference Board. As a result of a positive outlook of the economy and the job market, the index increased to its highest level in seventeen years. The index recorded a level of 101.8 against a revised level of 86.3 in August. Economists had anticipated a score of 90.
Chinese industrial activity grew in September according to figures from the National Statistics Office. The manufacturing purchasing managers index increased to a reading of 51.5, up from 51 in August. The improvements are attributed to an increase in exports as economies around the world gradually reopen.
The 6M Euribor is unchanged at -0.47% compared to previous business day. The 10Y Swap decreased with 2 basis points to -0.25% 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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