Brazil’s GDP decreased by 1.7% in the third quarter of 2015, according to figures published by the Brazilian Statistics Office yesterday. This is the first time since 1996 that the Brazilian economy decreased for three quarters in a row. The GDP of Brazil decreased with 4.5% on annual basis. To counteract hyperinflation, the Brazilian central bank raised interest rates to the highest level since 2006.
The seven largest banks of the United Kingdom have passed the stress test which was recently carried out by the Bank of England. However, Standard Chartered and RBS did not passed the stress test if they had not announced the measures to strengthen their capital buffers. The stress test includes an acute slowdown of the Chinese economy, a contraction of the euro zone or a collapse of commodity prices.
Dutch manufacturing companies are more positive than manufacturing companies in other European countries. This is reported by Statistics Netherlands (CBS) according to statistics provided by the European Commission. The Dutch producer confidence index rose to 4 in November. While the average European Union producer confidence index is -3.5. Slovenia, Hungary and Sweden are most optimistic concerning the producer confidence index.
The 6M Euribor remained unchanged at -0.04%. The 10Y Swap increased with 1 basis point to 0.83%.
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