Market information Wednesday November 11th 2015

The Chinese statistics office reported that the Chinese inflation dropped with 1.3 percent on annual basis in October. The Chinese currency reached its lowest value compared to the EUR since May 2015. The low inflation rate could potentially lead to an interest rate cut. In 2015, the Chinese central bank already reduced six times the interest rate.

The global oil market will be characterized by oversupply till 2020, according to the International Energy Agency (IEA). The emergence of alternative fuels will lead to lower oil prices, according to IEA. The forecast of oil demand will grow less than 1 percent per year until 2020.

Insurers will take higher risk investments with a higher yield according to a recent survey of investment manager Blackrock. 57 Percent of the surveyed insurers are willing to take more investment risk in upcoming years. One of the main reasons is the low interest rate on the bond market. Insurers are now convinced that the low bond yields will hold for five to ten years.

37 Percent of the Amsterdam house buyers paid more than the asking price in 2015. According to Calcasa, a company that is specialized in residential market analyses, the overheated market is cause of a shortage in available houses for rent in Amsterdam.

The 6M Euribor remained unchanged at 0.00%. The 10Y Swap decreased with 1 basis point to 0.96%.

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: