Market information Wednesday December 16th

An initial estimate from the US government shows that US inflation amounts 0.5% on a yearly basis in November 2015, which is the highest level this year. In October 2015, inflation stood at 0.2%. Core inflation, adjusted for food and energy prices, was 2.1% in November, the highest result since May 2014. In October core inflation amounted 1.9%. Inflation is higher as a result of energy prices falling less sharply in November compared to October.

Investment in technological innovation in the global financial sector increased by 70% in 2015. In 2015 there was a total of USD 20 billion invested in technology, where in 2014 this amounted to 12 billion USD. The investments focus on startups and companies implementing new technologies. Almost half of the total number of enterprises focus on transactions and providing/facilitating loans. Upcoming are asset managers and insurance companies.

Figures from the Statistics Netherlands (CBS) show that retail sales increased with 2.3% compared to the previous year in October 2015. The volume was 2.8% higher, while prices were 0.5% lower than a year before. Within the retail sector, sales of food stores increased with 3.6% where non-food stores sales grew with 1.6%.

The 6M Euribor remained unchanged at -0.04%. The 10Y Swap increased with 5 basispoints to 0.97%.

In the attachment, today’s market data on money and capital market rates as well as other rates are presented. For more history of these rates or other rates feel free to ask: update@zanders.eu.