Market Information Wednesday 9 December 2020

The economy of the eurozone showed growth of 12.5 % in the third quarter compared to the previous quarter, as reported by the European statistics agency Eurostat. An earlier estimate of the gross domestic product (GDP) growth of the euro area countries was 12.6 %. On an annual basis, the economy contracted 4.3 %. For the entire European Union, Eurostat reports growth of 11.5 % on a quarterly basis and a contraction of 4.2 % on an annual basis.

Research institute ZEW reports that the confidence of German investors and analysts in the future reached a level of 55 in December against 39 a month earlier. The increase was stronger than expected, economists had anticipated a level of 46. The index that measures confidence in the current situation was again more negative than a month earlier, with a level of minus 66.5 against minus 64.3 in November.

Consumer prices in China fell for the first time since 2009 in November. According to figures from the Chinese statistics office, prices decreased by 0.5 % on an annual basis, mainly under pressure from the lower prices for pork. Chinese producer prices decreased with 1.5 % year-on-year in November.

The 6M Euribor is unchanged at -0.51% compared to previous business day. The 10Y Swap decreased with 1 basis point to -0.27% 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.