Retail sales were 9.2% higher in the third quarter of 2020 than in the previous year, according to Statistics Netherlands (CBS) based on new quarterly figures on retail trade. That is the strongest increase since the measurements started in 2005. The volume increased by 7.3%. Between July and September, online sales increased by almost 40% compared to 2019, a slower increase than in the second quarter (55%). Retailers are also optimistic about the development of turnover in the fourth quarter.
Factory orders in the United States increased with 1.1% in September from a month earlier, according to the US Department of Commerce. Economists had anticipated an increase of 1%. In August, factory orders increased by a revised 0.6%.
The American elections are a close call. All polling stations in the United States are closed. So far, there have been few surprises in the states that were previously expected to turn red (Republican) or blue (Democratic). Biden emphasized in his speech in Delaware that the final results may take a while.
The 6M Euribor increased with 1 basis point to -0.51% compared to previous business day. The 10Y Swap increased 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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