Market information
Thursday, March 18, 2010
Amid fears that Greece will fail to secure aid during the EU summit next week, as a Greek official was quoted as saying that the prospect of help from the EU "does not look good", the euro fell to as low as $1.3670 and Y123.25 to the US dollar and yen respectively.
Euro-Zone Current Account and Trade Balance, as well as US Consumer Price Index month on month and year on year figures are to be announced today.
The 6M Euribor decreased by 1 bp to 0.95%. The 10Y Swap decreased by 1 bp to 3.30%.
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 17, 2010
In response to the S&P 500 that reached Monday its highest level in one and half years, the European stock markets opened higher. The AEX index closed 1.2% higher and closed at 339.26.
Throughout the day numbers on the American import prices over the month February were announced. The prices for imported goods and services dropped 0.3% compared with last month.
After the European stock markets were closed, the Federal Reserve announced to leave the interest rate unchanged. Furthermore, the Federal Reserve does not see any reason to change the interest rate in the near future. The American stock markets reacted positively on this news. The Dow Jones index closed 0.4% higher at 10,685.98.
Later this week the European trade balance over the month January will be announced.
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 16, 2010
Monday the U.S. Federal Reserve published figures. The figures show that U.S. industrial production increased. Compared to last month the U.S. industrial production rose in February by 0.1%, in January the growth was 0.9%. This figure is an important indicator of the future economic growth. The higher industrial production is good for employment in this sector and is usually motivated by a larger outlet. The capacity utilization also rose in February. Capacity utilization rose to 72.7%, in January it was 72.5%.Yesterday, ministers of 16 euro countries agreed ,in Brussels about the possible assistance to Greece. Greece will receive, if necessary, a loan or guarantee of the euro countries. With this Greece will receive no interest benefits and strict requirements imposed.
Yesterday the euro rose against the British pound to GBP 0.91. A reduction of the credit status of the UK, according to Moody's, is coming closer, whereby the pound dropped. The European currency dropped against most other currencies.
The 6M Euribor remained unchanged at 0.96%. 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 15, 2010
The bill from Senator Dodd Chistropher will remove the supervision from the Federal Reserve (Fed) of more than 5,000 banks. Only the largest bank holding companies will still be under the supervision of the Fed. These 35 largest bank holding companies have a total assets size of at least USD 50 bln.Tonight, the finance ministers of the 16 euro countries will discuss the emergency plan for Greece. Greece has asked for financial aid for the next 2 months. The forecast is a EUR 23 billion deficit in April and May
Sales of leases of machinery and other lease assets substantially decreased by 28% to EUR 4.5 bln. According Jan Klusters, chairman of the Dutch Association of Leasing companies, this industry is a measurement for the Dutch economy. The reason for this decline is that customers have opted for the leasing of existing machines for a longer period.
The 6M Euribor remained unchanged at 0.96%. The 10Y Swap fell 3 basis points 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)
Friday, March 12, 2010
Yesterday, the figure for the number of new applications for unemployment benefits was announced in the United States. Analysts expected a decline over the last week of February to 460.000. The figure published was with 462,000 for the first week of March, slightly higher than expected. In response to this news, the AEX-index decreased and eventually reached a closing price that was 0.6% lower tan the opening at 339.02.
Despite the disappointing figure for the number of new applications for unemployment benefits, U.S. markets closed higer than Wednesday. This was caused by the fact that the U.S. stocks jumped in the last hours of trading due to positive market outlooks of CEO Pandit of Citigroup. He revealed that in his opinion the bank will be very profitable again in the future.
Next week, important macro-economic figures will be published for the Euro zone: the unemployment rate and the CPI
The 6M Euribor remained unchanged at 0.96%. The 10Y Swap increased three basis points to 3.39%.
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)
