Market Information Wednesday 9 October 2019

The International Monetary Fund (IMF) foresees lower growth for the global economy. For about 90% of the world, the IMF foresees slower growth. According to Kristalina Georgieva of IMF, this year the world economy has probably seen its lowest growth in almost a decade. The forecast for next year was 3.5%. A recent study shows that growth could decrease by 0.8%.

Figures from the US Department of Labour show that on a monthly basis, producer prices in the United States (US) decreased by 0.3% in September, compared to a 0.1% increase in August. Economists expected an increase of 0.1%.

According to Statistics Netherlands (CBS) and the Land Registry, the average price of a new built home in the second quarter of 2019 increased to a record high of nearly €400,000. On average, a new built home was 16% more expensive than one year previously. Existing owner-occupied homes increased on average by 7.2% in the second quarter. The average price of existing owner-occupied houses increased to €300,000.

The 6M Euribor is unchanged at -0.39% compared to previous business day. The 10Y Swap decreased with 1 basis point to -0.16% 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.