Market Information Friday 1 November 2019

The European bureau of statistics Eurostat stated that economy of the Eurozone grew by 0.2% in the third quarter of 2019 in comparison to the second quarter of 2019. This growth was higher than expected, as economists forecasted a growth of 0.1%. In the second quarter of 2019 the economy also grew by 0.2%. The growth in the whole European Union was 0.3%, compared to 0.2% in the second quarter.

According to Eurostat, unemployment in the Eurozone remained stable in September at 7.5% compared to one month earlier. This is the lowest level of unemployment since July 2008. According to Eurostat 12.3 million people are unemployed in the Eurozone. In the whole European Union, unemployment was 6.3%. Unemployment levels are the highest in Greece and the lowest in the Czech Republic.

According to Bloomberg China expressed doubts regarding the feasibility of a trade deal with the United states, even though the two countries were concluding phase one of the trade negotiations. Reasons for the Chinese concerns are supposedly the impulsive character of president Trump.

The 6M Euribor is unchanged at -0.34% compared to previous business day. The 10Y Swap decreased with 5 basis points to 0.02% 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.