Market Information Friday 23 August 2024

In July, existing home sales in the United States increased by 1.3 percent to 3.95 million homes, as expected by economists. The median sales price rose by 4.2 percent, reaching 422,600 dollars. These figures are reported by the National Association of Realtors (NAR).

Global steel production decreased by 4.7 percent in July compared to a year earlier, primarily due to a 9 percent decline in China, the largest steel producer. In South Korea, production fell by 3.4 percent, while the European Union saw a 5.7 percent increase, with growth of 4.8 percent in Germany and 2.1 percent in the US. These figures are reported by the World Steel Association.

In August, the French services sector grew significantly, with the Purchasing Managers’ Index (PMI) rising from 50.1 to 55.0, the highest level in 27 months. Meanwhile, the contraction in the industry accelerated, with the index dropping from 44.0 to 42.1, the lowest level in 8 months. Consequently, the composite index rose from 49.1 to 52.7, indicating overall growth.

The 6M Euribor is unchanged at 3.41% compared to previous business day. The 10Y Swap increased with 6 basis points to 2.50% 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.