Market Information Thursday 8 August 2024

German industrial production increased by 1.4% month-on-month in June, surpassing the expected 0.9%, following a 3.1% decline in May. On a yearly basis, production decreased by 4.1% in June, an improvement from the 7.2% decrease in May. These figures were provided by Destatis, the German statistics office.

The Japanese stock market continued its increase on Wednesday with a 3.2% gain on the Nikkei index, following the largest single-day loss since 1987 on Monday. Other Asian markets, such as the Hang Seng and SSE Composite, also increased by 1.5% and 0.4%, respectively. The gains followed a positive session on Wall Street, where investors considered the recent sell-off as a possible overreaction, and European markets are expected to open higher.

The euro decreased 0.1% on Wednesday, trading at USD 1.0916. The European currency also decreased 0.2% against the pound, trading at GDP 0.8595. The British pound increased 0.1% to USD 1.2700. The dollar was up 1.9% to JPY 147.04 after hitting a temporary low of JPY 141.85 on Monday.

The 6M Euribor decreased with 9 basis points to 3.40% compared to previous business day. The 10Y Swap increased with 5 basis points to 2.56% 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.