Market information
Thursday, March 11, 2010
News agency Bloomberg has published its financial professional confidence indicator yesterday. The index value for February is 53.8 versus 54.9 the previous month. A value larger than 50 means that more optimists than pessimists responded to the Bloomberg enquiry. The drop in confidence is attributed to growing concerns about government finances amongst several nations in the world. Expected early withdrawals of stimulus measures raises concerns about the possibility for sustained recovery in the near future.United States wholesale inventories dropped for the second month in a row in January. The drop was 0.2% versus a drop of 0.8% a month prior. According to analysts companies are not able to keep up with demand and they expect that rises in production output are to be expected.
The Japanese economy has grown 0.9% in the fourth quarter of 2009. This is lower than early estimates showed. Increasing demand for Japanese exports drives the increase with a 0.5% rise in the share exports have in the Japanese GDP.
In the attachment below, today’s market data on money and capital market rates as well as other rates are presented. For more history of these rates or other rates feel free to ask: .(JavaScript must be enabled to view this email address)
Wednesday, March 10, 2010
In the United States the consumer confidence has been announced yesterday. Analists expected a slight increase from -49 to -48. For the first week of March, however, the consumer confidence remained unchanged compared to the last week of February.
Little movement on the stock markets worldwide. The AEX index increased with 0.27% to 339.09. The American stock markets showed a postive movement as well.
Later this week numbers on the American labor market are announced. The request for initial jobless claims is expected to drop from 469.000 at the end of February to 460.000 in the first week of March.
The 6M Euribor remained unchanged at 0.96%. The 10Y Swap dropped two basis points to 3.33%.
In the attachment below, today’s market data on money and capital market rates as well as other rates are presented. For more history of these rates or other rates feel free to ask: .(JavaScript must be enabled to view this email address).
Tuesday, March 09, 2010
Last Monday, the gold price dropped to USD / ounce 1125.75. Due to the euro becoming stronger, the gold becomes less attractive as an alternative to the euro.Yesterday the oil price reached the highest level in 2 months. A barrel of North Sea oil cost USD 81.75, this is approximately USD 10 more than last month. Nicolas Sakozy, the French peresident, appointed that the eurozone is prepared to help Greece. This decreases the concerns about the future of the euro. By including this optimism about the recovery of the global economy the oil prices increased.
From figures published yesterday by the 'Centraal Bureau van de statistiek (CBS)' shows that the Dutch unemployment rose in all provinces in 2009. In Noord-Brabant the unemployment has a strong increasement, the percentage rises from 3.4% to 4.8%. Also the cities Amsterdam, Rotterdam, Utrecht and The Hague has a strong increasement of the unemployment rate.
The 6M Euribor equals 0.96% and the 10Y Swap decreased with 1 bp to 3.35%.
In the attachment below, today’s market data on money and capital market rates as well as other rates are presented. For more history of these rates or other rates feel free to ask: .(JavaScript must be enabled to view this email address).
Monday, March 08, 2010
Dutch pension funds don’t have to take the weakened position of the insurers where they reinsured their risks into account yet. Minister Donner of Social Affairs announced Friday that the pension funds received deferment until the end of this year will delay. Previously it was determined that the funds on April 1 had to take into account the counterparty risk of their insurer. Due to a devaluation of almost all Dutch insurers the risk profile of the reinsured pension funds was higher than was estimated beforehand, which means that their buffers should be increased.
Last Friday it was announced that the U.S. unemployment rate in February is 9.7%. This is lower than the 9.8% that analysts had expected. In January, unemployment rate was also 9.7%. The news had a positive effect on the mood on the stock exchanges in New York and Amsterdam. The Dow Jones index closed 1.2% higher Friday. The AEX index recorded a plus of 1.9%. This meant a higher closure for the sixth day in a row.
The 6M Euribor remained unchanged at 0.96%. The 10Y Swap remained unchanged at 3.36%.
In the attachment below, today’s market data on money and capital market rates as well as other rates are presented. For more history of these rates or other rates feel free to ask: .(JavaScript must be enabled to view this email address)
Friday, March 05, 2010
The Institute of International Finance (IIF) has emphasized that too many rules are made on the regulation of banks. This could cause a hindrance in the recovery of the banks. The IIF does not provide solid examples, but this warning is certainly a consequence of the plans by U.S. President Obama to split the banks and the British Prime Minister Brown to banks to pay a special tax.Several think tanks in Washington suspect Chinese currency manipulation. Reason for this is that the US is facing high unemployment and trade deficits and the presence of Chinese surpluses. Analysts estimate that the yuan is 25% undervalued against the dollar.
The assessment of the 'long term and senior debt ratings "Deutsche Bank has downgraded to Aa3, according to rating agency Moody's. Reasons for this fall from Aa1 to Aa3 are the volatility of the turnover and delays in the acquisition of Deutsche Postbank.
The European Central Bank has left the refinancing rate unchanged at 1.00%.
The 6M Euribor remained unchanged at 0.96%. The 10Y Swap is decreased 1 basis point to 3.36%.
In the attachment below, today’s market data on money and capital market rates as well as other rates are presented. For more history of these rates or other rates feel free to ask: .(JavaScript must be enabled to view this email address)
