Inflation figures for September were received from Germany on Monday afternoon. Consumer prices fell more than expected in September.
Inflation in Germany was 1.6 percent in September, while the consensus of economist forecasts collected by the news agency Bloomberg expected it to have been 1.7 percent. In August, consumer prices rose by 1.9 percent from last year.
Compared to August, prices did not rise at all, when economists expected a 0.1 percent increase. In August, prices fell by 0.1 percent from July.
However, interest rates on government bonds were on the rise on Monday.
In Germany, the interest rate on the two-year government bond had risen by 2.4 percentage points to 2.113 percent. The ten-year bond had risen by 2.7 interest points to 2.158 percent.
The interest rate on the American Bond with a two-year maturity had risen by 5.5 percentage points to 3.614 percent. On the other hand, Kymmenvuotinen was at 4.177 percent, an increase of 2.7 interest points.
Today we still get the Chicago purchasing managers’ index in the United States. Economists expect the index score to have been 46.0 in September, while it was 46.1 in August.
The Chigao purchasing manager index measures the activity of purchasing managers in the manufacturing industry and the service sector. The index gives direction on the development of the economy, as purchasing managers’ purchases and production-related decisions reflect expectations of future economic growth and demand.
The index measures economic activity in the Chicago area and is an important indicator, especially for those watching the US economy, as it gives an idea of the state of the business environment in that area. Values above 50 indicate growth, while values below 50 indicate contraction.
At 3:41 p.m., one euro was worth 1.19 dollars, 159.8 yen, 0.84 pounds and 11.3 Swedish kronor. The dollar was 142.8 yen and the pound was 1.34 dollars.
Source: www.arvopaperi.fi
