The industrial activity in the United States decreased in August for the first time in more than three years, according to the ISM research institute. The purchasing managers’ index for US industry decreased to 49.1 in August, compared to 51.2 in July. This is the lowest level since January 2016.
According to the European statistics institute Eurostat, producer prices in the Eurozone increased by 0.2% in August, compared to July. This was in line with the expectations of economists. In the entire European Union, producer prices increased by 0.3% in August, compared to July.
Last night Boris Johnson lost the vote on a no deal Brexit by a margin of 328-301. With the vote, the UK Parliament gives itself the right to enter a law proposal before its enforeced suspension next week, that allows for a delay in the Brexit date to 2020 if no agreement has been reached on October 31. Thereby a no deal Brexit has been thwarted. Consequently, British Prime Minister Boris Johnson stated that he will organize new elections.
The 6M Euribor decreased with 1 basis point to -0.44% compared to previous business day. The 10Y Swap decreased with 1 basis point 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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