Market Information Thursday 6 June 2024

The Purchasing Managers’ Index (PMI) for the U.S. service sector rose more than expected in May, according to data released by the Institute for Supply Management on Wednesday. The PMI increased from 49.4 in April to 53.8 in May. Economists had anticipated a rise to 50.7 points. The Purchasing Managers’ Index from S&P Global also showed a strong acceleration for the U.S. service sector in May.

The German service sector showed more growth in May than previously recorded, according to final figures from S&P Global on Wednesday. The Purchasing Managers’ Index, which measures the activity of the service sector, came in at 54.2 compared to 53.2 a month earlier. The preliminary measurement indicated an index of 53.9. The Purchasing Managers’ Index for the German industry increased from 42.5 to 45.4. As a result, the composite index rose from 50.6 to 52.4. The preliminary index stood at 52.2.

Producer prices in the eurozone dropped again in April. This was revealed by figures from Eurostat, the European statistics office, on Wednesday. On a monthly basis, producer prices fell by 1.0 percent in April. In March, the decrease was 0.5 percent. On an annual basis, producer prices in April fell by 5.7 percent. A month earlier, this was a decline of 7.8 percent. The decrease was mainly caused by lower energy prices. Excluding prices for energy, producer prices in April rose by 0.2 percent on a monthly basis. On an annual basis, there was a price decline of 1.0 percent in April.

The 6M Euribor is unchanged at 3.76% compared to previous business day. The 10Y Swap decreased with 2 basis points to 2.75% 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.